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Redirecting sustainable investment: green bonds and beyond

In collaboration with Joint Research Centre and European Investment Bank

Climate action and reducing pollution are at the heart of the European Green Deal. The related Investment Plan, worth € 1tn over the next decades, calls for the deployment of adequate financial instruments to mobilise such unprecedented amount of resources. Analysts anticipate a green bond rush, with governments and companies expected to issue green debt for nearly half of total volumes issued since market inception. 
EU’s climate bank, EIB, plans to increase its level of support to climate action and environmental sustainability to exceed 50 % of its overall lending activity by 2025 and beyond. The announced EC €250 bn green bond issuance under NG-EU will consolidate Europe’s leadership on the market, while the forthcoming proposal for an EU Green Bond Standard (EU GBS) is expected to provide further stimulus to this asset class. 
Information provided by the issuers show that so far they have been used to finance a very broad range of investment projects within renewable energy, energy efficiency, low carbon transport, sustainable water, and waste and pollution --- a clear sign of the potential of this financial instrument to raise funds in all critical areas of the Zero Pollution Action Plan. 
This session will gather key actors of these developments to review existing and prospective financial instruments that companies, governments and supranational institutions can use to meet the ambitious EU climate and environmental targets.

Speakers: 

  • Aldo Romani,Head of Sustainability Funding, European Investment Bank (EIB) 
  • Sven Gentner, Head of Unit, Directorate-General for Financial Stability, Financial Services and Capital Markets Union (DG Fisma), European Commission
  • Bernhard Windisch, Head of Unit, Directorate-General for Budget (DG BUDG), European Commission 
  • Serena Fatica, Senior Economist Joint Research Centre (JRC), European Commission
  • Prof. Yao Wang, Director General, International Institute of Green Finance

Moderator: 

Session 12.2
Start Date
End Date
Programme
Main programme
Venue
Room 2