S5 Ep22: Backstage: Transitioning towards sustainable finance

In this episode of the Backstage series, Bruegel's Non-Resident
Fellow Dirk Schoenmaker welcomes Molly Scott Cato, a Green party
MEP for South West England, for a conversation on the EU's plan
to transition towards sustainable finance.


To achieve the EU's 2030 targets agreed in Paris, such as a 40%
cut in greenhouse gas emissions, in May 2018, the Commission
announced its action plan on sustainable finance. Its aims are,
among others, to facilitate sustainable investment and improve
the availability of information on investments carbon
footprint.  


Molly Scott-Cato in conversation with Dirk Schoenmaker outlines
the details of the plan and elaborates on the steps necessary for
the transition from brown to green finance, from vast investments
into public infrastructure to the introduction
of carbon tax on aviation.


 While it is important to introduce dynamism to the
discussion, we have to keep in mind to balance the sense of
desperate urgency to avoid a systemic crisis.


For further reading, you might consider a policy
contribution by the same author Sustainable investing: How
to do it.


This podcast episode was recorded during the event How to speed
up sustainable finance? on the 28 of November