The green transformation of the European economy is one of the most consequential challenges we will face in the next decades. It is a very ambitious challenge, with the Commission estimating that we will need 350 billion Euros per year to finance it.
Programs like the EU Green Deal and national initiatives are important elements. But with such great investment needs and the urgency of the transition, mobilizing additional capital from the private sector is necessary. For banks in Europe to transmit this capital into the transformation the right framework has to be in place, i.e. operationalize the Capital Markets Union.
The German Economic Institute (IW) will soon publish a study, that discusses the most urgent questions: How will financing reach innovative stakeholders? Who can provide the necessary capital? Which framework is needed for a successful financing of the transition? We want to discuss these and related issues in a panel debate with representatives from the European Commission as well as practitioners from the real economy and the banking sector.
Member of the BdB Management Team for Markets and Customers
Member of Cabinet, Executive Vice-President Valdis Dombrovskis
VP External Relations, EU Diehl
Head of DCM & Corporate Finance HSBC Germany
Senior Economist German Economic Institute