Green Finance for the Green Deal: Orchestrating a multi-trillion Euro Game
Jointly with the German Economic Institute (IW), we were pleased to invite you to the third VCI and IW webseminar:
Making the Green Deal work for European Industry
- on 18th November 2020 from 10:00 to 11:00 a.m.
Together with 3 high-level speakers we discussed with you:
“Green Finance for the Green Deal: Orchestrating a multi-trillion Euro Game”
The European Green Deal aims to make the EU the global champion in low-carbon industries. Business expectations are high, yet public and private investments of several hundred billion Euros are required annually to finance the transformation. This objective requires combining EU instruments with funding from private investors and banks. The issuance of green bonds, the EU Taxonomy scheme, and the climate element in the EU’s financial framework are a promising kickstart. Nonetheless, the thirst for green investments needs to be matched by real business activities. And to have a lasting impact, Europe must promote its sustainable finance policy as a global standard. Against this background, we wanted to address the following questions:
- How to mobilise the trillions: Which regulatory architecture is needed to balance different market interests?
- What is sustainable: How to make sure the real economy’s needs are incorporated in the EU Taxonomy?
- Market acceptance is key: Can sustainable finance become a profitable business line? And how to shape a globally accepted EU ‘gold standard’ for sustainable finance?
- Estelle Göger, Member of Cabinet of Paolo Gentiloni, DG Economic and Financial Affairs, European Commission
- Thorsten Pinkepank, Director Sustainability Relations, BASF SE
- Kristina Jeromin, Managing Director, Green and Sustainable Finance Cluster Germany & Sustainable Finance Committee of the German Federal Government
- Dr. Markus Demary, Senior Economist for Monetary Policy and the Economics of Financial Markets, IW Köln
Moderation: Dr. Pierre Gröning, Executive Director EU Liaison Office, VCI
- Presentation for the webseminar PDF 1932 Kb