Past Event

Green bonds and green finance innovation

Invitation-only event to discuss innovations in green finance and sovereign and EU issuance of green bonds

Date: January 26, 2021, 2:00 pm Topic: Energy & Climate

This invitation-only event will explore recent trends and innovations in green finance. A first session will look at the issuance of green finance instruments by EU governments and the planned issuance by the EU itself. The second session will look at new instruments, in particular green certificates and sustainability-linked bonds. We expect that a focused discussion will be of interest to both issuers and investors, and provide input for the ongoing discussion around a new sustainable finance strategy and the green bond standard.

This event is only open to Bruegel members and a small number of selected invitees.

Related reading

Green certificates: a better version of green bonds by Dion Bongaerts and Dirk Schoemaker

Common eurobonds should become Europe’s safe asset – but they don’t need to be green by Alexander Lehmann

Schedule

Jan 26, 2021

Chair: Alexander Lehmann, Non-resident fellow

14:00-15:00

Sovereign and EU issuance of green bonds

Niall Bohan, Director, Financial Risk and Asset Management, European Commission, DG Budget

Zoe Knight, Managing Director and Group Head of the Centre of Sustainable Finance, HSBC

Moritz Kraemer, Chief Economic Advisor, Acreditus

Alexandre Vincent, Green Bonds Manager, Agence France Trésor

15:00-16:00

Innovations in green finance and sustainability-linked debt

Dion Bongaerts, Associate Professor of Finance, RSM - Rotterdam School of Management, Erasmus University Rotterdam

Monica Girardi, Head of Group Investor Relations, Enel

Michael Mainelli, Executive Chairman, Z/Yen Group

Lucia Silva, Group Head of Sustainability and Social Responsibility, Assicurazioni Generali

Speakers

Dion Bongaerts

Associate Professor of Finance, RSM - Rotterdam School of Management, Erasmus University Rotterdam

Niall Bohan

Director, Financial Risk and Asset Management, European Commission, DG Budget

Monica Girardi

Head of Group Investor Relations, Enel

Zoe Knight

Managing Director and Group Head of the Centre of Sustainable Finance, HSBC

Moritz Kraemer

Chief Economic Advisor, Acreditus

Alexander Lehmann

Non-resident fellow

Michael Mainelli

Executive Chairman, Z/Yen Group

Lucia Silva

Group Head of Sustainability and Social Responsibility, Assicurazioni Generali

Alexandre Vincent

Green Bonds Manager, Agence France Trésor

Location & Contact

Bruegel, Rue de la Charité 33, 1210 Brussels

Matilda Sevon

[email protected]

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Upcoming Event

Sep
3
10:15

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Bruegel Annual Meetings, Day 3 - In this session on the final day of the Meetings, our panelists will discuss the future of finance and its sustainability.

Speakers: Maria Demertzis, Alberto De Paoli, Pierre Heilbronn and Alexandra Jour-Schroeder Topic: Energy & Climate, Finance & Financial Regulation Location: Palais des Académies, Rue Ducale 1, Brussels
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The EU green bond standard: sensible implementation could define a new asset class

The proposed EU green bond standard will be less prone to ‘greenwashing’, and the widest possible set of issuers and jurisdictions should be encouraged to use the standard.

By: Alexander Lehmann Topic: Finance & Financial Regulation Date: July 13, 2021
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A net-zero emissions target is a powerful incentive for the low-carbon transition, but for bank supervisors, climate-related risks, not climate outcomes, should remain the focus.

By: Alexander Lehmann Topic: Energy & Climate, Finance & Financial Regulation Date: June 1, 2021
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Policy Contribution

Accounting for climate policies in Europe’s sovereign debt market

Sovereign debt will be vital in stimulating sustainable investment, but information is lacking on how green public spending actually is.

By: Marta Domínguez-Jiménez and Alexander Lehmann Topic: Energy & Climate, Finance & Financial Regulation Date: May 3, 2021
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This closed-door event will discuss standards for the measurement and disclosure of climate-related exposures.

Speakers: Carole Crozat, Sonja Gibbs, Piers Haben, Lucile de la Jonquière, Alexander Lehmann, Sara Lovisolo, Fayyaz Muneer and Lee White Topic: Finance & Financial Regulation Location: Bruegel, Rue de la Charité 33, 1210 Brussels Date: April 20, 2021
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Past Event

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Think green act local: the role of the G20 in sustainable infrastructure

In this workshop, invited guests will discuss priorities and proposals for the Italian G20 Presidency for a green local infrastructure agenda.

Speakers: Amar Bhattacharya, Marco Bucci, Adriana Calderon, Maria Demertzis, Matthias Helble, Elly Schlein, Niclas Poitiers and Gelsomina Vigliotti Topic: Energy & Climate Date: March 15, 2021
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Podcast

Podcast

Can central banks save the planet?

“We are not going to lead our society to a low-carbon economy by continuing to finance the status quo. “

By: The Sound of Economics Topic: Energy & Climate Date: February 24, 2021
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A brown or a green European Central Bank?

The European Central Bank portfolio is skewed towards the brown economy, reflecting a bias in the market. Can and should the bank deviate from the market allocation?

By: Dirk Schoenmaker Topic: Energy & Climate Date: February 24, 2021
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US separates climate concerns from financial oversight in contrast to EU activism

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By: Rebecca Christie Topic: Finance & Financial Regulation Date: February 18, 2021
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Past Event

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Building back greener: sustainable finance and the Green Deal

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Policy Contribution

Green certificates: a better version of green bonds

"The current design of green bonds means they aren't fulfilling their potential. We propose an alternative: issuance of regular bonds with attached green certificates that ensure earmarking for green purposes. The new design would reduce financing costs and in turn would provide incentives to start a greater number of environmentally-friendly projects."

By: Dion Bongaerts and Dirk Schoenmaker Topic: Energy & Climate, Finance & Financial Regulation Date: November 26, 2020
Read article More on this topic More by this author
 

Blog Post

Common eurobonds should become Europe’s safe asset – but they don’t need to be green

The plan to fund the European Union’s recovery programme via debt issuance has raised hopes that a new type of euro-denominated safe asset could emerge. As a priority, the European Commission needs a strategy to create a liquid and transparent market in EU bonds. For now, funding through EU green bonds would complicate that effort.

By: Alexander Lehmann Topic: Finance & Financial Regulation Date: September 28, 2020
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