Financing the green transition in times of economic recovery
An online seminar was organized on September 18th 2020, to discuss financing the green transition in times of economic recovery. The event was a joint initiative of the Belgian Federal Council for Sustainable Development (FRDO-CFDD) and the European Commission, in collaboration with the European network of Advisory Councils on Climate Change, the Environment and Sustainable Development (EEAC Network), the European Investment Bank and the Belgian regional sustainable development councils.
Focus
The Covid19 has shaken Europe and the world to its core. To help repair the economic and social damage, kick-start European recovery, and protect and create jobs, the European Commission has proposed a major recovery plan for Europe, Next Generation EU. Reforms as well as significant investments, both from the private and public sector, are at the heart of this plan, which builds on Europe’s growth strategy, the European Green Deal, to a more sustainable, digital, fair and resilient Europe.
What was addressed
The EU has already taken several initiatives to facilitate the financing of the green transition. We took stock of these.
The following question was center staged:
· 18 September: What are the EU initiatives to facilitate green transition financing in times of economic recovery?
Who contributed?
Speakers included: Jean-Pascal van Ypersele (UCL), Arnau Queralt-Bassa (EEAC), Veerle Nuyts (EU Commission), Emmanuel Buttin (EU Commission), Thomas Verheye (EU Commission), Michèle Lacroix (EFRAG), Philippe Lamberts (MEP), Sirpa Pietikäinen (MEP), Pierre-Emmanuel Noël (EIB), Xavier Vanden Bosch (EU Commission), Yelter Bollen (Arbeid en Milieu, Fairfin), Pierre Vanheuverzwijn (Pacte national d’investissements stratégiques), Agnès Giner Lloret (Sowalfin), Pierre Hermant (Finance Brussels), Johan Reynaert (PMV), Jan Verheeke (Minaraad).
Follow up
The session outcome document is available here