The goal for the EU Commission is “to reconcile the economy with our planet, to reconcile the way we produce and the way we consume with our planet, and to make it work for our people”. The EU leaders recognise notably that the transition to climate neutrality would bring significant opportunities, such as potential for economic growth, business and technological development.
It is worth therefore discussing the conditions to foster investment in sustainable projects. Indeed, while according to the EIB 2019 economic investment report, the investment activity in the European Union had recovered from the recession following the financial crisis, the report stresses that the investment required notably to the transition to a net zero-carbon economy is not yet on track.
Indeed, an effective and swift-enough transition requires in particular an un precedented effort from citizens, consumers, SMEs, etc. and in particular that they foster sustainable investments. However, progress in this area result from a complex combination of forward-looking targets, transparency tools, governance arrangements, financing/risk reduction facilities and efficient incentivisation frameworks.
Such a complexity is further compounded by a context of ever higher indebted EU economies focused on growth relaunch in the Covid19 pandemic context. This requires turning the Green Deal into an indispensable tool to set the policies that will enable reducing risks in the EU, be they climate or biodiversity related, and bring about additional growth opportunities in the EU.
Extracted from the main Eurofi publications (Regulatory Updates, Views Magazines and Conference Summaries)
Eurofi policy notes
Panel discussion summaries
Eurofi Views Magazine chapters
Mairead McGuinness - European Commission
Mindaugas Liutvinskas - Vice Minister of Finance of the Republic of Lithuania | Luděk Niedermayer - European Parliament | Harald Waiglein - Federal Ministry of Finance, Austria | Niall Bohan - European Commission | Cornelia Andersson - London Stock Exchange Group (LSEG) | Pier Carlo Padoan - Chairman - UniCredit S.p.A. | Debora Revoltella - European Investment Bank (EIB) | Philippe Blanchot - Caisse des Dépôts Group
Jean Lemierre - BNP Paribas
Mercedes Olano - Banco de España | Kerstin Afjochnick - European Central Bank (ECB) | Martin Persson - Nordea Bank Abp | Kay Swinburne - KPMG LLP | Takanori Sazaki - MUFG Bank, Ltd. | Hannes Mösenbacher - Raiffeisen Bank International AG
Alberton Corinti - Italian Insurance Supervisory Authority (IVASS) | Asa Larson - Swedish Financial Supervisory Authority (Finansinspektionen) | Fausto Parente - European Insurance and Occupational Pensions Authority (EIOPA) | Hidehiko Sogano - Dai-ichi Life Holdings, Inc. | Mireille Aubry - Covéa
Carlo Comporti - Commissione Nazionale per le Società e la Borsa | Paul Tang - European Parliament | Birgit Puck - Austrian Financial Market Authority | Benoît de Juvigny - Autorité des Marchés Financiers | Natalie Westerbarkey - Fidelity International | Christina Papaconstantinou - Bank of Greece | Jessica Ground - Capital Group
Sylvie Goulard - Banque de France | Elizabeth Mccaul - European Central Bank | Mario Nava - European Commission | Arne Staal - London Stock Exchange Group | Shinsuke Toda - Mizuho Financial Group, Inc. / Mizuho Bank, Ltd.
Sylvie Goulard - Banque de France | Sacha Sadan - Financial Conduct Authority | Antje Stobbe - Allianz Global Investors | Melissa Ocampo - SMBC Bank International plc | Sinthuja Yogarajah - Federated Hermes Limited | Angus Graham - UBS