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.
Policy Contribution
Sovereign debt will be vital in stimulating sustainable investment, but information is lacking on how green public spending actually is.
Past Event
This closed-door event will discuss standards for the measurement and disclosure of climate-related exposures.
Past Event
In this workshop, invited guests will discuss priorities and proposals for the Italian G20 Presidency for a green local infrastructure agenda.
Podcast
“We are not going to lead our society to a low-carbon economy by continuing to finance the status quo. “
Blog Post
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?
Blog Post
Different EU and US supervisory approaches to climate risk may hamper efforts to work together and risk fragmenting global markets.
Past Event
How could additional regulation incentivise investment while upholding the integrity of sustainable finance?
Past Event
Invitation-only event to discuss innovations in green finance and sovereign and EU issuance of green bonds
Policy Contribution
"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."
Blog Post
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.
Blog Post
European Union green bonds, as promised by European Commission president Ursula von der Leyen, might be better linked to the bloc's achievement of its climate goals, rather than project-by-project green criteria.
Blog Post
If EU banks are to mobilise a greater share of loans for sustainable projects they will need a reliable policy framework, clear internal performance targets and the relevant skills. A discount on bank capital underlying such assets is neither justified nor likely effective. A comprehensive review of how climate risks are reflected in prudential regulation is nevertheless in order
