09 November 2021
Jointly organised by T&D Europe, Danfoss, EDF and Schneider Electric, this webinar is an opportunity to take a step back to asses what EU sustainable finance has already achieved and what the remaining gaps are, specifically looking at the contribution of electrification.
To be fit for 55 in 2030 and carbon neutral by 2050, electrification will be key. The share of electrificty in final energy deman will be growing to 35% in 2030 and 60% in 2050 (versus 23% today).
Significant investments are needed throughout the whole inudstrial value-chain (generation, infrastructure and distribution) to support the elecrtification needs of the energy system To reach decarbonization, investments in end-use electrification (especially in transport and building) will have to increase from the current 627 billion euro a year to about 900 billion euro over the 2021-2030 period.
The EU taxonomy for sustainable finance aims at redirecting capital flows towards sustainable economic activities, by providing greater clarity to investors. It could become a powerful instrument for EU energy and climate transition to invest in areas most needed that are key for EU decarbonization objectives. For that reason, consistency between te EU taxonomy and the fit for 55 legislative framework is crucial to allow an ambition, sustainable and cost-effective European climate transition.
EU taxomony will be used as a reference for other European type of financing instruments and funding such as green brands, disclosures, benchmarks etc. By becoming the framework of reference in Europe and globally, its impact in investment decisions will be massive for the energy and climate transition.
Welcome address and introductory remarks by MEP Dominique Riquet and MEP Pernille Weiss.
Key note speech from Representative of the European Commission (tbc)
Panel discussion moderated by Bruno Liebhaberg, Director General CERRE
Andreas Brunsgaard, Senior Advisor, Confederation of Danish Industry, member of the Platrom on Sustainable Finance
Diederik Peereboom, Secretary General, T&D Europe
Henning Hader, Policy Director, Eurolectric
Elena Burdykina, Executive Director, Sustainable Banking, Credit Agricole (CIB) Corporate and Investment Bank
Q&A session with the audience