The EU Long-term Decarbonisation Strategy and the Sustainable Finance Package adopted by the European Commission in 2018 will play a crucial role in shaping investments decisions and business models in the energy sector over the next decades. While political debates are tough and ongoing both at national and EU levels, and with EU elections around the corner, a trend towards decarbonising European economies has been set. A sense of urgency is also increasingly coming across from science (IPCC report on Global Warming of 1.5C) and the civil society, with the Youth for Climate demonstrations. Decisions will depend on a number of elements, including the availability of technologies, industrial competitiveness and costs across the economy but in any case, the scale of investment needed to achieve a transition of the entire economy is unparalleled. Unlocking finance will be essential to deliver on the Paris Agreement.
The Sustainable Finance Package, which is currently being discussed by the Parliament and the Council, includes three proposals that aim to closely connect the sectors of energy and finance and to lay out guidance for stakeholders on both sides. At the same time, conversations are now shifting towards the future of the sustainable finance agenda. As these fundamental issues are addressed, a new debate is opened on how to mainstream sustainable finance into the broader financial agenda, as well as how industrial actors will be affected.
Philip OWEN, Head of Unit for Climate Finance, Mainstreaming, Montreal Protocol, DG CLIMA, European Commission
Chaired by Matt HINDE, Senior Vice-President, Head of the Energy and Transport Team, FleishmanHillard
10th April 2019, 8.30-10.00
FleishmanHillard Offices, 35 Square de Meeûs, 1000 Brussels
A breakfast will be served from 8.00
For more information and registration, firstname.lastname@example.org. RSVP by Wednesday 3rd April 2019.
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May 28, 2019