Scaling-up and delivering climate finance to the private sector

Can a new industrial strategy emerge in Europe to trigger technological innovation and preserve competitiveness? Can European industry take a more proactive role in shaping policy and support schemes and in developing collaborative partnerships across different sectors?

Policies designed to combat climate change are increasingly presenting a challenge to energy-intensive sectors, such as the chemical industry and steel and cement production. Most industrial processes, however, remain carbon-intensive and companies have been reluctant to adopt new, deep decarbonisation technologies. The reasons for this include significant investment costs with returns that are uncertain under prevailing business models and fluctuating market conditions.

This issue of how to stimulate investment in low-carbon technology is particularly relevant to the European Bank for Reconstruction and Development (EBRD) region, where average levels of carbon and energy intensity remain very high and industries have large financing needs if they wish to modernise.

 The panel discussion will investigate how policies, markets and investments link to each other and will explore possible solutions to accelerate the pace of low-carbon investments, particularly in respect of new disruptive technologies. It will be composed of sector experts, industry representatives, EU officials and private sector participants.

Speakers

William Garcia
Executive Director, HSSE, Energy and Climate Action
European Chemical Industry Council
Araceli Fernandez Pales IEA
Senior Technology Analyst
International Energy Agency
Senior Policy Officer Green, Responsible and Sustainable Finance- DG FISMA
European Commission
Senior Advisor on Steel, Manufacturing and Services Unit
European Bank for Reconstruction and Development
Policy Officer- DG CLIMA
European Commission
Stefania Racolta-Cruceru
Head of Product and Business Development
European Bank for Reconstruction and Development