In this edition we delve into the intricacies of Sustainable Finance, the European Green Deal and in particular: the EU Taxonomy.
As part of the European Week of Regions & Cities, between 7-10 October 2019, the European Long-Term Investors Association co-organised the session 'Financing Europe's Sustainable Energy future' on Wednesday 9 October. This discussion focused on the contribution of National Promotional Banks and Institutions (NPBIs) to the financing of sustainable development in European territories, particularly from the perspective of two ELTI members: the Bulgarian Development Bank (BDB) & MFB Hungarian Development Bank as well as the Manchester Climate Change Agency and the European Commission (DG ENER).
On Friday 1st February, over 40 representatives from over 20 different EU NPBIs, IFIs and potential implementing partners met at the ELTI Office in Brussels where they debated for over 3 hours with the European Commission and the European Investment Bank.
Discussions focused on issues which required joint action with key topics ranging from the importance of real direct access for NPBIs in reducing the gap between local projects and European finance; the role of the EIB in the Member State compartment; the specificities of the InvestEU governance structure; the division of roles within the Advisory hub; the operational definition of InvestEU additionality; the thresholds within the ‘sustainability proofing’ discussion; clarifications behind the pari-passu financial contribution method; the conditions and costs associated with a COSME-type guarantee for SME financing and the role of the EIB and EU Commission regarding access to sensitive data of various implementing partners.
In this episode ELTI Secretary General Helmut von Glasenapp speaks to Csaba Harsanyi, Director of the MFB Brussels Liaison Office with the discussion focusing on the development of MFB over the last 30 years as well as its response to the covid pandemic and its outlook for the future.
Reducing the deficit of investment of social infrastructure in Europe, estimated at 100-150 billion euros per year, requires a collective response and increased mobilisation of financial resources.
This conference, taking place on 7 December 2018 will bring the main European stakeholders (European institutions, National and Local authorities, European Financial Institutions, National Promotional Banks, Social-sector providers, Private sector, and Academics) together to share ideas and experience in ways that inspire innovative solutions to Europe’s main challenge: its social cohesion.
The distribution networks are at the heart of the financial and strategic industrial issues which must be tackled on an European scale and will mobilise the bulk of the capital available for the networks for considerable amounts. They are the physical location of the energy transition and innovations must emerge from them to be able to meet the challenges posed by the revamp of the electricity system.
This breakfast-debate on will be the occasion to gather key actors within the energy industry, institutions, academics and public investors to reflect on the best way to approach investments in the energy distribution sector in the context of the energy transition.
In 2018, the Hungarian Development Bank (MFB) celebrates the 25th anniversary of the launch of its operation as a development bank.
To mark this occasion, the MFB held a jubilee gala on 16 November, inviting its key existing and potential new clients, leading figures from Hungary’s and Europe’s political and financial scene, and the bank’s domestic and foreign partners and senior staff. The Museum of Fine Arts, reopened in 2018 after its full renovation, provided a fitting venue for the event.
On 7 November 2018, the Long-Term Investment and Reindustrialisation Intergroup is organising a conference specifically dedicated to the issue of long-term investment.
To celebrate 70 years of sustainable finance, KfW held their 2018 annual reception on 7 November 2018 at the Résidence Palace on Rue de la Loi 155, 1040 in Brussels.