The Institutional Investors Groupon Climate Change (IIGCC), which represents pension funds and asset managers,says the goal is critical if they’re to back the electricity system upgradesEurope needs.

With public finances strained, national governments inEurope need private investment for the task, claims the group, whose members include Aviva and BlackRock.

The European Union will on Wednesday publish a new 2030framework for climate change and energy policies, marking the start of a longprocess to fix them into EU law.

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