Tomorrow a delegation from the S&D Group in the European Parliament will arrive in Katowice (Poland) to participate in the 24th UN Climate Change Conference. It is the most important meeting since the COP21 in Paris, and it aims to agree on a rulebook on the way to enforce global action to make sure that warming will be well below 2 degrees as compared to pre-industrial levels.
The Technical Expert Group (TEG) on Sustainable Finance and the Community of Practice in Financial Research (CoPFiR), both set up by the European Commission, announced a call for papers for a conference on ‘Promoting sustainable finance’. The purpose of the two-day event is to allow researchers to present policy-relevant empirical papers and to promote the exchange of ideas and knowledge between academics, professionals and policymakers on how to mobilise the necessary financing for green and sustainable investments. European Commission Vice-President Valdis Dombrovskis will be speaking at this event.
The high-level first annual Eastern Partnership (EaP) conference will bring together all the stakeholders of the EaP in order to highlight success stories of 2018 in the partner countries (Armenia, Azerbaijan, Belarus, Georgia, Moldova and Ukraine) and to discuss some key areas for the future: the economic and investment climate, labour (market) challenges and youth issues (education, training and employment).
This year’s UN climate conference will be a key moment for implementation of the Paris Agreement, with Parties aiming to finalise detailed rules and guidelines – the Paris ‘work programme’ – that will enable the landmark accord to be put into practice across the world.
Vice-President Valdis Dombrovskis’ keynote speech at the launch of the European Sustainable and Responsible Investment Study 2018, Brussels, 26 November 2018.
With the publication of the Report of the HLEG on Sustainable Finance and the Commission’s Action Plan on Financing Sustainable Growth, sustainable finance is gaining momentum in Europe. Yet market practices are still largely based on neo-classical finance (efficient markets and portfolio theory) with little space for sustainability considerations in financial decision-making. The event will discuss which steps are needed to really change current practices and speed up sustainable finance. This event will be livestreamed. There is no need to register for the livestream.
On the margins of its Africa Day in the Ethiopian capital, Addis Ababa, the European Investment Bank has signed a new fifteen year EUR 200 million loan agreement with the African Export-Import Bank (Afreximbank), aimed at supporting trade-related productive investments, including in renewable energy projects, in Africa. The facility will support promoters in more than 40 countries across Africa with long-term funding.