Past Event

Building back greener: sustainable finance and the Green Deal

How could additional regulation incentivise investment while upholding the integrity of sustainable finance?

Date: February 11, 2021, 12:00 pm Topic: Banking and capital markets

video & audio recordings

Bruegel · Building back greener: sustainable finance and the Green Deal | 11 Feb 2021

In the coming years Europe will seek to mobilise its enlarged budget towards recovery while at the same time finance the ambitious Green Deal. It is clear taxpayers alone cannot bear the brunt of the cost: banks and capital markets will need to play a key role in mobilising the required finance. In this panel Bruegel will explore whether the EU’s sustainable finance agenda has already led to a reallocation of funds, and what further support could be given through regulation.

While new instruments such as green bonds are increasingly popular their role in creating additional sustainable investment is often questioned. The issue of ‘greenwashing’ is a persistent threat to the integrity and transparency of green finance. The panel will explore what other policies will be needed to support the sector, especially in light of the publication of an ‘ambitious’ sustainable finance strategy by the Commission at the beginning of this year and the implementation of both an EU taxonomy regulation and the climate benchmark regulation.

To what extent will additional regulations – disclosures, taxonomy etc – incentivise banks and investors to undertake additional investment?

Speech by Klaas Knot

Schedule

Feb 11, 2021

12:00-12:15

Keynote

Chair:

Klaas Knot, President, De Nederlandsche Bank

12:15-13:00

Panel discussion and Q&A

Chair: Alexander Lehmann, Non-resident fellow

Sean Kidney, Co-founder and CEO, Climate Bonds Initiative

Klaas Knot, President, De Nederlandsche Bank

Isabelle Mateos y Lago, Member of the Board

Philipp von Restorff, Deputy CEO, Luxembourg for Finance (LFF)

Speakers

Klaas Knot

President, De Nederlandsche Bank

Sean Kidney

Co-founder and CEO, Climate Bonds Initiative

Alexander Lehmann

Non-resident fellow

Isabelle Mateos y Lago

Member of the Board

Philipp von Restorff

Deputy CEO, Luxembourg for Finance (LFF)

Location & Contact

Bruegel, Rue de la Charité 33, 1210 Brussels

Katja Knezevic

[email protected]

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