Past Event

Green recovery spending: how, when and where

Analysing potential recovery spending and green investment through multiple dimensions.

Date: November 19, 2020, 11:00 am Topic: Energy & Climate

In the framework of the next generation EU recovery facility the EU plans to finance up to €750 bn to support investment in the green and digital transitions. Deploying this money will imply trade-offs on many dimensions, including the time-horizon of the spending, sectoral choices and the geographic distribution.

On the time-horizon dimension, the EU and Member States will have to balance spending that engineers a powerful short-term stimulus with budget allocations that increase the potential for sustainable long-term growth. The latter includes spending on innovation projects that enable massive private investments in the future.

On the geographic dimension, investments focused on the most productive regions might lead the highest aggregate growth impact for the EU. But supporting the development of future comparative advantages in suitable low carbon technologies in all regions could mitigate increasing divergence.

In this closed-door session we want to discuss these trade-offs and ways to translate desirable allocations into policies.

This event is open only to Bruegel’s Members and select experts.

Schedule

Nov 19, 2020

11:00-11:05

Welcome and Introduction

Chair: Georg Zachmann, Senior Fellow

Ann Mettler, Director for Europe, Breakthrough Energy

11:05-11:40

Recovery spending: the ecosystem dimension

Chair: Georg Zachmann, Senior Fellow

Kerstin Jorna, Director-General, European Commission, DG GROW

11:40-12:10

Recovery spending: the time-horizon dimension

Chair: Peter Sweatman, Chief Executive, Climate Strategy & Partners

Cyril Garcia, CEO, Capgemini Invent

12:10-12:40

Recovery spending: the regional dimension

Chair: Peter Sweatman, Chief Executive, Climate Strategy & Partners

Georg Zachmann, Senior Fellow

12:40-12:50

Speakers

Cyril Garcia

CEO, Capgemini Invent

Kerstin Jorna

Director-General, European Commission, DG GROW

Ann Mettler

Director for Europe, Breakthrough Energy

Peter Sweatman

Chief Executive, Climate Strategy & Partners

Georg Zachmann

Senior Fellow

Location & Contact

Bruegel, Rue de la Charité 33, 1210 Brussels

Katja Knezevic

[email protected]

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Podcast

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Is the green deal a strategy for growth or simply a reallocation mechanism?

By: The Sound of Economics Topic: Energy & Climate Date: December 2, 2020
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Working Paper

Understanding the European Union’s regional potential in low-carbon technologies

This research identifies existing and potential specialisation in green technologies in European Union regions, and proposes an approach to identify policies that can help to realise this potential.

By: Enrico Bergamini and Georg Zachmann Topic: Energy & Climate Date: November 26, 2020
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Blog Post

Targeted horizontal industrial policy: green, regional and European

Creating the conditions for the most promising low-carbon sectors to grow is the most efficient way to enable decarbonisation. As sector potential is regional and associated with regions' current strengths in related technologies, policy should aim to boost the growth potential of low-carbon technologies on a regional level.

By: Enrico Bergamini and Georg Zachmann Topic: Energy & Climate Date: November 23, 2020
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Parliamentary Testimony

European Parliament

Euro area accession countries in the context of the pandemic

Testimony before the European Parliament on the subject of euro area accession.

By: Zsolt Darvas Topic: European Macroeconomics & Governance, European Parliament, Testimonies Date: November 19, 2020
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Opinion

The pandemic will structurally change the global economy more than we think

It is time to rethink many of the basic principles of our economic model to mitigate the impacts of the COVID-19 pandemic.

By: Alicia García-Herrero Topic: Global Economics & Governance Date: October 20, 2020
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Blog Post

Will European Union countries be able to absorb and spend well the bloc’s recovery funding?

To help finance the post-coronavirus recovery, the European Union is raising large amounts to pass on to its members. But absorption of EU funds is typically slow and some countries might struggle to spend what they can get, even if they will have broad freedom to design spending programmes. The focus should be on worthwhile spending, not just on absorbing EU funds.

By: Zsolt Darvas Topic: European Macroeconomics & Governance Date: September 24, 2020
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Blog Post

Unpacking President von der Leyen’s new climate plan

European Commission President Ursula von der Leyen has set a new destination for EU climate policy: a 55% emissions reduction by 2030. This is a good and necessary step on the way to climate neutrality by 2050, but getting there will not be easy, and Europe should prepare for a bumpy road ahead.

By: Simone Tagliapietra Topic: Energy & Climate, European Macroeconomics & Governance Date: September 16, 2020
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Past Event

Past Event

Bruegel Annual Meetings 2020 - Day 3

Third day of Bruegel Annual Meetings.

Topic: Energy & Climate, European Macroeconomics & Governance, Finance & Financial Regulation, Global Economics & Governance, Innovation & Competition Policy Location: Bruegel, Rue de la Charité 33, 1210 Brussels Date: September 3, 2020
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Past Event

Past Event

Bruegel Annual Meetings 2020 - Day 2

Second day of Bruegel Annual Meetings.

Topic: Energy & Climate, European Macroeconomics & Governance, Finance & Financial Regulation, Global Economics & Governance, Innovation & Competition Policy Location: Bruegel, Rue de la Charité 33, 1210 Brussels Date: September 2, 2020
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Past Event

Past Event

Bruegel Annual Meetings 2020 - Day 1

The Annual Meetings are Bruegel's flagship event which gathers high-level speakers to discuss the economic topics that affect Europe and the world.

Topic: Energy & Climate, European Macroeconomics & Governance, Finance & Financial Regulation, Global Economics & Governance, Innovation & Competition Policy Location: Bruegel, Rue de la Charité 33, 1210 Brussels Date: September 1, 2020
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Opinion

The EU’s Opportunity to Turn Its Markets Toward the Future

Meeting the fiscal demands of COVID-19 will require the European Union to borrow on capital markets more than ever, and for European pension funds and households to look more widely for ways to build their nest eggs safely. The EU should take the challenges of the pandemic and Brexit as a chance to get its financial infrastructure house in order.

By: Rebecca Christie Topic: European Macroeconomics & Governance, Finance & Financial Regulation Date: July 16, 2020
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Policy Brief

Greening the recovery by greening the fiscal consolidation

In the wake of COVID-19, some economic recovery policies will help green the economy – for example, energy renovation of buildings. But there are limits to the share of stimulus that can be explicitly green. The European Union should therefore also green the fiscal consolidation by setting out the path to much higher carbon prices than today. This would guide investment and provide revenues to help the fiscal consolidation.

By: Ben McWilliams, Simone Tagliapietra and Georg Zachmann Topic: Energy & Climate, Finance & Financial Regulation Date: July 8, 2020
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