Green Recovery: The link between public and private investment
The EU’s co legislators are currently negotiating the EU budget for the next seven years. The budget will be of unprecedented size and importance due to the EU recovery after Covid-19 pandemic. While some of the elements of the future funding negotiations are still up for a discussion, it is clear that all EU institutions agree that it is paramount to align the Europe’s recovery with an overall ambition of green future of the EU.
With 30% of the EU future funding dedicated to climate action and increased efforts of private sector to invest in sustainable activities, this webinar will explore the potential of public and private funding initiatives to meet EU’s climate goals and lead to a fair and successful transition of the EU economy.
In July 2020, the Technical Expert Group on Sustainable Finance (TEG) drafted five principles that should drive the EU budget towards green recovery. These include:
- Funding for the recovery package to be generated through the issuance of green recovery bonds, issued under the proposed EU Green Bond Standard;
- Encouraging investments in social, economic and ecosystem resilience;
- Incorporating the EU Taxonomy in the recovery funding mechanisms;
- Clear policy signals that will create frameworks to attract private investment;
- Work towards global Taxonomy.
The webinar will build around these recommendations, look at the role of green investments in the global recovery through currently available tools and practices, as well as discuss best options for maximising private and public funding efforts by tying them together.
- Webinar link: https://zoom.us/j/92931908914
Speakers
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Marie BaumgartsHead of Sustainability Regulatory Affairs and Sustainability Office Group Sustainable Banking, SEB Group, Member of Technical Expert Group on Sustainable Finance, European CommissionMarie Baumgarts is Head of Sustainability Regulatory Affairs and Sustainability Office at SEB and she is a member of the European Commission’s Technical Expert Group on Sustainable Finance. She believes the financial sector to be a key facilitator for reaching the Paris agreement, the EC Action Plan, the Green new deal and the SDGs by redesigning products and services and through brave business decisions. Prior to joining SEB Marie has had various consultancy roles and most recently served as Head of Corporate Responsibility at Tele2. Before starting at Tele2 Marie was heading EY Sweden’s Sustainability Advisory Services team. She has been in the field for an NGO and she is well familiar with most international sustainability standards. Marie holds a MSc from the Royal Institute of Technology, Stockholm, Sweden, in Environmental Engineering and Sustainable Infrastructure.
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Peter MunroHead of Investor Relations, Sustainable Finance, European Investment BankPeter re-joined the EIB in 2019, to lead investor relations and a range of sustainable finance initiatives in the capital markets team and across EIB. He participates in leading platforms for sustainable finance, including the Green & Social Bond Principles Executive Committee, EU Technical Expert Group on Sustainable Finance, and as an Observer of the Network on Greening the Financial System.
He has a degree in Philosophy, Politics & Economics from Oxford University, and is also an alumnus of Insead – ‘Transition to General Management’ and ‘International Marketing’ programmes, and London Business School – corporate finance.
Prior to this Peter was on secondment as a Director at the International Capital Markets Association (ICMA). At ICMA his main focus was on market development initiatives for the Green Bond Principles, including leadership of global marketing and capacity building. Earlier at EIB, Peter’s responsibilities included marketing the world’s first labelled green bond and promotion of EIB’s frequent issuance. He was among those leading EIB’s input to green bond market development. He also covered credit and sustainability ratings. Previously he worked at the world’s largest investor relations consultancy Citigate Dewe Rogerson, and in other roles spanning investor relations, marketing and economic analysis, at firms including the German Treuhandanstalt privatisation agency, and Frankfurter Allgemeine Zeitung Informationsdienste.
His interests include entrepreneurship, contemporary art and gastronomy -
Stefan Marx
Global Head of Public Affairs and Regulatory Strategy, DWS Group
Stefan MarxGlobal Head of Public Affairs and Regulatory Strategy, DWS Group