Bruegel Event Recordings

Forward-thinking investors have long known of the risks associated not just with climate change but with related systemic risks to long-term prosperity such as water scarcity and inequality of opportunity. In response, France has introduced an Energy Transition Law that includes regulations requiring investors to align their portfolios with a 2°C world. Different global financial centres are now also bidding to become centres of green finance. Growing questions are now being asked about when Europe will get on the front foot and capitalise on this momentum. Actions seem ever more urgent, given that the European Systemic Risk Board and the Dutch Central Bank have both expressed concerns about the threat of climate change to financial stability in Europe. Furthermore, the G20 and Financial Stability Board are due to report this year both on Green Finance and on climate-related financial disclosures. This seminar looked at how the European Union could respond to this growing pressure and deliver a Green Capit