Sorainen, working Linklaters, has carried out a study on the development of a sustainable finance action plan in Lithuania, commissioned by the Lithuanian Ministry of Finance.
The European Bank for Reconstruction and Development and Richard Kemmish Consulting Limited worked on the study as well.
According to Sorainen, the study is a part of a wider endeavor to facilitate the implementation of the National Energy and Climate Action Plan of Lithuania by 2030, for which “at least EUR 4 billion will have to be attracted from private investors in addition to EUR 10 billion of public funds.”
According to the firm, the proposals drawn for Lithuania’s sustainable finance action plan “will help encourage private investors (banks, insurance companies, and companies managing pensions and other funds) to participate in funding sustainable projects together with public investors or through direct loans of various forms.”
Sorainen’s team included Partner Tomas Kontautas and Senior Associate Dalia Augaite.
