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The current public health crisis has come at a time when persistently low interest rates, large amounts of available liquidity, nationalist retrenchment and the challenges posed by climate change require major efforts to transform our ecosystems.

The first steps to be taken are those urgently needed to address immediate needs: as a result, all efforts must be made to ensure that funding continues to flow within the economy. However, this should not distract attention from the ongoing need to invest for the long term. If our economy were a car, then it has broken down and we need to repair and probably overhaul it to prevent the same problem happening again, as well as refuelling it, which is the role of finance. However, it will all be for nothing if we stop building roads for it to drive on!

Overview of measures against the economic impact of the Coronavirus COVID 19 outbreak 1

AECM, ELTI & NEFI Position Paper - Overview of measures against the economic impact of the Coronavirus (COVID-19) outbreak

After the outbreak of the Covid-19 pandemic and the decision of most governments in Europe (as well as other continents) to prioritise “social distancing”, it immediately became clear that these decisions will have a significant impact on the global economy. All governments are reflecting how to support self-employed, solo-entrepreneurs, SMEs on to mid-caps and globally-acting conglomerates, airports and healthcare systems as well as companies in the fields of export, tourism and in many other areas. European Member States also introduced completely new measures with the Maastricht criteria becoming less of a priority.

COVID 19

ELTI Position Paper - NPBIs ready to fight the COVID-19 economic crisis

The European economy needs support in the current crisis situation. There is a chance to soften the impact of the economic downturn but companies require liquidity immediately and the financing of investments should be continued simultaneously.

The European Union and the Member States have an efficient network of promotional banks and institutions. Today, they have been asked to show their mettle. Promotional instruments should address the needs at national, regional and local levels. National Promotional Banks and Institutions (NPBIs) are best prepared to provide the necessary support on the ground. The first instruments are already working.

green finance

*Please note that this event has been postponed to a later date*

Sustainable Finance has gained more and more relevance in our business and the latest policy decisions are pointing even more in this direction. The European Commission presented the European Green Deal which includes a Sustainable Europe Investment Plan and the National Energy and Climate Plans which will trigger more sustainable finance activities of NPBIs. However, ELTI members and the EIB have experience in very different fields of sustainable finance ranging from Green and Sustainable Bonds, sustainable infrastructure projects, energy-efficiency programmes to financing research and development projects in this field. In 2018, ELTI members committed more than 35% of all credit approvals for sustainable projects.

SINV EU 20 Postponement PartnersAn important update from Climate Action regarding the Sustainable Investment Forum Europe 2020.

We deeply regret having to inform you that we have taken the extremely difficult decision to postpone the Sustainable Investment Forum Europe 2020 that was due to take place on 10th March in Paris.

New dates will be announced as soon as possible. This very difficult decision has been made in response to the growing concerns around Coronavirus (COVID-19).

Press Release

Amsterdam - The official launch of Invest-NL took place on 16 January 2020 in Amsterdam in the presence of Minister of Finance Wopke Hoekstra and Minister of Economic Affairs and Climate Eric Wiebes. As a private company led by Wouter Bos, Invest-NL will provide financing to companies that will make the Netherlands more sustainable and more innovative. With a share capital of 1.7 billion euros, Invest-NL’s focus at launch is on the energy transition and on innovative, fast-growing companies (scale-ups).

COP25ELTI

In 2018 ELTI members committed a financing volume of more than €140 bn of which more than €50 bn were invested in more than 300.000 sustainable projects all over Europe. The share of sustainable investments of our members is more than 30% of all commitments. This result is a strong incentive to remain frontrunner in sustainable finance in the years to come. Following the commitment to achieve climate neutrality by 2050, decided under COP21 in Paris, carbon-neutral projects need to be implemented and financed today. The role of Long-Term Investors has become more important today than ever since infrastructure investment projects have an average lifetime of around 30 years whilst projects which require long planning phases – and financed today, might run longer than 2050.

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Agenda

ELTI Secretary-General, Helmut von Glasenapp participated in the European Parliament Seminar on “InvestEU & the Economy of Well-being: making the most of local know-how”, on Wednesday 4 December 2019. Hosted by Mr. Alfred Sant, Member of the European Parliament and the Steering Board for Social Infrastructure investment and co-organised together with European Association of Service Providers for Persons with Disabilities (EASPD) and the Lifelong Learning Platform, this joint event brought together the main representatives of the social services, health, education, social and affordable housing and ageing sectors at European level in order to discuss concrete plans for ensuring there is sufficient support for the development and financing of quality local social projects via the InvestEU programme.

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BBDAY1

Agenda

As part of the B-DAY conference on boosting connectivity and investments, held on Tuesday 3 December 2019, ELTI was invited to speak on the panel 'Tomorrow's Connected Europe'. Secretary-General Helmut von Glasenapp presented the cooperation of NPBIs, the European Commission and the EIB in the Connecting Europe Broadband Fund. He highlighted the challenges and the need of funds for digital infrastructure in rural areas and regions, noting how digital skills and investment have to be fostered.

EIB Climate Survey

The EIB presented the second edition of the climate survey in Brussels yesterday. EIB VP Emma Navarro opened the presentation with the words: “Listening to citizens’ attitudes is key for us to make sure we address their concerns, while leaving no one behind”.

Contact

European Long-Term Investors a.i.s.b.l.
Rue Montoyer 51
B - 1000 Brussels
Belgium
secretariat@eltia.eu