Past Event

Taking stock of global sustainability reporting

This closed-door event will discuss standards for the measurement and disclosure of climate-related exposures.

Date: April 20, 2021, 2:00 pm Topic: Finance & Financial Regulation

The sound measurement and disclosure of climate-related exposures is essential to steer capital towards a more sustainable economy. Regulation has now come into effect in the EU and UK, and other jurisdictions similarly will implement international standards in climate risk disclosure.

In this seminar Bruegel will convene key public and private sector experts to examine recent initiatives. The focus of our discussion will be on whether key jurisdictions converge towards a common standard that will facilitate capital allocation in line with global climate commitments.

This event is only open to Bruegel members and selected invitees.

Schedule

Apr 20, 2021

14:00-14:45 CEST

Panel discussion: seeking consistency across jurisdictions

Chair: Alexander Lehmann, Non-resident fellow

Sonja Gibbs, Managing Director and Head of Sustainable Finance, Institute of International Finance

Piers Haben, Director of Banking Markets, Innovation and Consumers, European Banking Authority (EBA)

Fayyaz Muneer, Deputy Director for Green Finance and Prudential Policy, HM Treasury

Lee White, Executive Director, International Financial Reporting Standards Foundation

14:45-15:30 CEST

Comments and panel discussion: perspectives from the financial sector

Carole Crozat, Head of Thematic Research, Blackrock Sustainable Investing (BSI)

Sara Lovisolo, Group Sustainability Manager, Borsa Italiana (LSEG)

Lucile de la Jonquière, Director in the Group Public Affairs team, Société Générale

Speakers

Carole Crozat

Head of Thematic Research, Blackrock Sustainable Investing (BSI)

Sonja Gibbs

Managing Director and Head of Sustainable Finance, Institute of International Finance

Piers Haben

Director of Banking Markets, Innovation and Consumers, European Banking Authority (EBA)

Lucile de la Jonquière

Director in the Group Public Affairs team, Société Générale

Alexander Lehmann

Non-resident fellow

Sara Lovisolo

Group Sustainability Manager, Borsa Italiana (LSEG)

Fayyaz Muneer

Deputy Director for Green Finance and Prudential Policy, HM Treasury

Lee White

Executive Director, International Financial Reporting Standards Foundation

Location & Contact

Bruegel, Rue de la Charité 33, 1210 Brussels

Matilda Sevon

[email protected]

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Blog Post

Banks in a net-zero Europe

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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Blog Post

Urgent reform of the EU resolution framework is needed

In this blog, the authors argue that two aspects of the European resolution framework are particularly in need of reform – the bail-in regime and the resolution mechanism for cross-border banks – and propose a reform of both.

By: Mathias Dewatripont, Lucrezia Reichlin and André Sapir Topic: European Macroeconomics & Governance, Finance & Financial Regulation Date: April 16, 2021
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Past Event

Past Event

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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Blog Post

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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Blog Post

US separates climate concerns from financial oversight in contrast to EU activism

Different EU and US supervisory approaches to climate risk may hamper efforts to work together and risk fragmenting global markets.

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

Past Event

Building back greener: sustainable finance and the Green Deal

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

Speakers: Klaas Knot, Sean Kidney, Alexander Lehmann, Isabelle Mateos y Lago and Philipp von Restorff Topic: Energy & Climate, Finance & Financial Regulation Date: February 11, 2021
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Past Event

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

Speakers: Dion Bongaerts, Niall Bohan, Monica Girardi, Zoe Knight, Moritz Kraemer, Alexander Lehmann, Michael Mainelli, Lucia Silva and Alexandre Vincent Topic: Energy & Climate, Finance & Financial Regulation Location: Bruegel, Rue de la Charité 33, 1210 Brussels Date: January 26, 2021
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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
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External Publication

Hong Kong’s Intermediary Role on Funding the BRI: How does it fare against Singapore?

A look into the intermediary role of Hong Kong in financing cross-border Belt and Road Initiative projects and compare it with Singapore, a similar offshore financial center and competitor.

By: Alicia García-Herrero, Gary Ng and Hanrui LI Topic: Global Economics & Governance Date: November 4, 2020
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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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