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Fostering investment in sustainable projects (role of the public / private sectors, IFIs, Invest EU…)

Day 2 Morning

Thursday 12 September

Room :

Fennia II - Roundtable

Speakers

Chair
Alain Godard
Director General, Risk Management, EIB
Public Authorities
Pierre Heilbronn
Vice President, Policy and Partnerships, EBRD
Ana María Martínez-Pina García
Vice-Chairman, CNMV
Sirpa Pietikäinen
MEP, ECON Committee, European Parliament
Industry Representatives
Suzanne Buchta
Suzanne Buchta Managing Director, Global Head of ESG Capital Markets, Bank of America Merrill Lynch
Ingrid Holmes
Director, Hermes Investment Management, Federated Investors (UK) LLP
Laurent Zylberberg
Director of Public, International and European Affairs, CDC & Chair, ELTI

Objectives of the session

The session is aimed at defining the conditions to foster investment in sustainable projects notably by outlining existing financing challenges specific to the different sizes of projects and initiatives, and by describing the expected respective roles of the private and public financial sectors notably with regard to the various risks to be addressed and the subsequent mitigation tools to be implemented.

A particular attention will also be paid to the tools required to enable investors to easily choose sustainable projects and companies as well as to the specific challenges raised by the financing of climate related adaptation.

Points of discussion

What is the magnitude of adaptation/mitigation investment needs respectively of public administrations, corporates and households? Is the existing pipeline of projects sufficient? What are the key success factors to striking the various EU climate and energy targets for 2030 and the new Clean Energy for All Europeans package?

What are financing challenges? What are the specific challenges raised by smaller energy-efficiency/generation projects? What are the specific challenges raised by retail financing needs (adaptation of housing, …)? What are the observed investment opportunities and challenges in a low growth low rates economic context?

What is the necessary role of the financial sector to accelerate the transition? What are the main investment risks to be mitigated? What are the possible mitigation tools (technical assistance, public institution co investment approaches, first loss pieces, …)? How could the much-needed additionality of the projects enabled by the financing arms of the public sector, be further improved? What would be the optimal involvement of EU and domestic public banks, market finance and banks to address those various financing needs? What approaches can be observed in other geographies?