“The amount of public and private money currently being mobilised is insufficient to support an environmentally-friendly economic system that fights climate change and resource depletion. More private capital flows must be directed towards renewable energy and other sustainable investments,” the environmental not for profit wrote in a press statement. “Luxembourg, as a global financial centre, must take its responsibility for climate protection. Money must no longer flow through fossil fuels such as oil, gas and coal. We need to redirect this money into renewable energy and other positive impact projects.”

The replica tower, a nod to the Paris Agreement, will remain in the European district until mid-December as an ongoing reminder of the need to transition to a sustainable, low-carbon economy.