Financing the EU Green Deal - Policy Breakfast Series

Webinar, Wednesdays 16 and 23 June 2021, 08:45 - 09:30 CET

A vast amount of money will be needed to finance the transition to a climate-neutral and circular economy whilst investment in polluting infrastructure will have to cease.

What ‘rules of the game’ need to change in order to redirect private capital flows in support of our long-term societal objectives? What is the role of central banks and other supervisory authorities in managing the transition? How should public revenues and expenditures be revisited to achieve a real fair society?

These are in essence the questions that FEPS would like to address in this Policy Breakfast series on Financing the EU Green Deal. Each meeting will consist of a policy presentation, followed by a discussion with experts and policymakers; to which you are invited to contribute.

 #1 European and National Development Banks for the Green Transition
Wednesday, 16 June 2021, 08:45 - 09:30 CET

Professor Stephany Griffith-Jones, Financial Markets Director, Initiative for Policy Dialogue at Columbia University  presented FEPS Policy Study 'The Role of the EIB in the Green Transformation'. She explored the European Investment Bank (EIB)'s double mandate to maximize sustainable and inclusive development impacts while maintaining some financial profits or avoiding financial losses in the context of the major green transformation. 

A discussion with the director of the KfW Liaison Office to the EU David Denzer-Speck and the director of the Economics Department of the European Investment Bank Debora Revoltella, as well as a Q&A, followed.

AGENDA

#2 New Resources for the EU Green Deal
Wednesday, 23 June 2021, 08:45 - 09:30 CET

Rafael Wildauer and Stuart Leitch, University of Greenwich presented FEPS Policy Study 'A European wealth tax for a fair and green recovery' in partnership with the Renner Institut, where they investigated the potential of a European net wealth tax to raise substantial revenues while supporting the economy and the consensus on climate action.

Jos Delbeke, Professor at KU Leuven and at the EUI School of Transnational Governance and former Director-General of the European Commission's DG Climate Action, gave a presentation on the carbon border adjustment mechanism and the ETS reform. A discussion with MEP Aurore Lalucq and a Q&A followed.

INFO

 The next breakfast series session will take place in September.