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VERSION:2.0
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DTSTAMP:20260515T161313Z
DTSTART:20220704T170000
DTEND:20220704T235959
SUMMARY:Sustainable finance: how can we finance the ecological transforma
 tion?
TRANSP:TRANSPARENT
UID:2022_07_04_oekologische_ordnungspolitik_gestalten_panel_4_893044
DESCRIPTION:For Germany\, the ecological transformation represents a subs
 tantial change to the structure of its real economy. Russia’s attack on 
 Ukraine has significantly intensified the pressure to adjust because the
  debate surrounding energy security has increased the urgency of the tra
 nsformation\, especially in those countries that do not have sufficient 
 primary energy sources of their own.\n\nTo date\, the costs of climate c
 hange and energy security have been insufficiently reflected in the cost
 s of energy sources. The largest impulse comes from carbon pricing. In a
 ddition\, further measures are needed in order to give enterprises\, con
 sumers and investors the right incentives for the transformation.\n\nLar
 ge parts of the existing capital stock are tied up in carbon-intensive i
 ndustries and production methods. To put the economy on a sustainable fo
 oting\, investment is needed in new technologies\, often from firms that
  are still not even represented in the market. There is a considerable n
 eed for investment and innovation\, with commensurately high entrepreneu
 rial risks and uncertainties.\n\nPrivate and public funds are necessary 
 to sustainably finance the ecological transformation. Financial institut
 ions market themselves as being keen to play their part in an ecological
  transformation\, but point to what they see as necessary accompanying p
 olicy measures. Fiscal programmes are intended to relieve firms and hous
 eholds in part of the costs and risks of the ecological transformation.\
 n\nAt the same time\, private and public investors are coming under adju
 stment pressure. Banks play an important role in financing the German ec
 onomy. The banking sector is highly competitive\, which is squeezing ban
 ks’ profitability. Digitalisation is intensifying competition from new p
 roviders and forcing traditional intermediaries to invest. Government ne
 eds to set new priorities in order to be able to sustainably finance sec
 urity and energy policy expenditure.\n\nThis panel addresses the financi
 ng of the ecological transformation. It complements the three previous p
 anels – on the role of enterprises in the ecological transformation\, th
 e international coordination of climate policy\, and the role of househo
 lds – and rounds out the series of events.\n\nPanel IV – online event\no
 n 4 July 2022\, 17:00-19:00 Uhr (CEST)\ntransmitted from the European Sc
 hool of Management and Technology (ESMT) in Berlin\n\nEvent language: Ge
 rman\n\n„Sustainable finance: how can we finance the ecological transfor
 mation?“\n  \n\nWelcome address\n  \n\nProfessor Dr. Claudia M. Buch\nVi
 ce-President of the Deutsche Bundesbank\n  \n\nModerator\n  \n\nMargaret
  Heckel\nAuthor\, journalist\, moderator\n  \n\nPanellists\n  \n\nProfes
 sor Ottmar Edenhofer\nDirector and Chief Economist of the Potsdam Instit
 ute for Climate Impact Research\, Director of the Mercator Research Inst
 itute on Global Commons and Climate Change\, and Professor for Climate E
 conomics and Public Policy at the Technical University of Berlin\n\nAlex
 andra Jour-Schroeder\nDeputy Director-General\, Directorate-General Fina
 ncial Stability\, Financial Services and Capital Markets Union (FISMA)\,
  European Commission\n\nDr Sabine Mauderer\nMember of the Executive Boar
 d of the Deutsche Bundesbank\n\nMichael Peters\nLead Financial System & 
 Real Economy\, Finanzwende Recherche\n\nProfessor Jörg Rocholl\, PhD\nPr
 esident of the European School of Management and Technology (ESMT) Berli
 n\n  \n\nClosing remarks\n  \n\nRalf Fücks\nFounder and Managing Directo
 r of the Center for Liberal Modernity
LOCATION:Virtual Event
CONTACT:
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