Institut Louis Bachelier’s Post

We are delighted to have been able to contribute to the #CRED stakeholder consultation workshop in Tbilisi. Robert Kirchner, Deputy Team Leader of the German Economic Team, moderated the workshop, focusing on the economics of #climatechange and #adaptation.   Berlin Economics is dedicated to supporting the #CRED project, which is implemented by Deutsche Gesellschaft für Internationale Zusammenarbeit GmbH. Our efforts focus on the development of policy scenarios to assess the economic consequences of #climatechange and #adaptation strategies.   This work is conducted within the framework of the advanced e3ge macroeconomic model, enabling a comprehensive analysis of climate-related economic consequences and informing policy decisions.   Many thanks to all stakeholders for their valuable inputs into this insightful discussion. Ministry of Economy and Sustainable Development of Georgia - ეკონომიკის სამინისტრო Ministry of Environmental Protection and Agriculture (MEPA) Ministry of Finance (MoF) Environmental Information and Education Centre (EIEC) GWS – Gesellschaft für Wirtschaftliche Strukturforschung The following PDF is sourced from GWS – Gesellschaft für Wirtschaftliche Strukturforschung.

💡 Yesterday, 28th November, we hosted the 5th LSFI Stakeholder Forum, bringing together our valued stakeholders to foster collaboration, share updates, and explore developments in sustainable finance.   What did this edition bring us? - Lorenzo Avico, LSFI Deputy CEO, shared updates on LSFI’s latest projects and upcoming activities. - Laurence Hulin, Programme Director at Accelerating Impact, presented the ISFA - International Social Finance Accelerator (ISFA), highlighting why ISFA was launched, its objectives and target as well as the foreseen timeline (Don’t miss it: the call for expression of interest to the ISFA programme will open in Q1 2025) - Luis Galveias, Chief Operating Officer & CSR Manager at LPEA - Luxembourg Private Equity & Venture Capital Association, presented a snapshot of the findings of the "LPEA GP Survey 2024", which surveyed, among others, ESG trends in private equity (stay tuned: the survey results will be publicly available soon) - We also received updates from our stakeholders on their ongoing and upcoming activities   👏 A big thank you to the presenters and stakeholders for your contributions and active engagement. We look forward to continuing this collaborative journey to shape the future of sustainable finance!   ABBL I ACA Luxembourg I ADA asbl I Accelerating Impact I Banque centrale du Luxembourg (BCL) I Commission de Surveillance du Secteur Financier (CSSF) I European Investment Bank (EIB) I e-MFP I GGGI Luxembourg I House of Sustainability I IMS Luxembourg - Inspiring More Sustainability I Inclusive Finance Network Luxembourg InFiNe.lu I Luxembourg Stock Exchange I LPEA - Luxembourg Private Equity & Venture Capital Association I LuxDev I Ministère de l'Environnement, du Climat et de la Biodiversité I Ministry of Finance, Luxembourg I Cerise+SPTF I University of Luxembourg I Nicoletta Centofanti I Lorenzo AvicoI María Eugenia Tapia Rojo I Juana Ramirez I Alex Pothaar I Stella Kouri   #SustainableFinance #Collaboration #StakeholderForum #LSFI

🌱 Green and digital transitions: how to find the right policy mix to secure competitiveness? ESM Chief Economist Rolf Strauch spoke at the Annual Conference on EU-US Competitiveness jointly organized by Columbia | SIPA's Center on Global Economy and Governance, the European Investment Bank (EIB), Société Générale and SUERF - The European Money & Finance Forum about how the EU can boost its productivity and economic growth while remaining resilient. Joining fellow EU speakers Debora Revoltella, Boris Vujcic Governor, and Isabel Vansteenkiste, he specifically discussed: 💶 SINGLE MARKET: further integration, notably in the fields of energy and finance, will create a more efficient and secure energy supply and promote a favourable environment for investment. 📝 ECONOMIC GOVERNANCE FRAMEWORK: fiscal sustainability and buffers are an essential prerequisite for countries to be able to provide the needed support during transitory periods. 🏛️ EU FINANCIAL ARCHITECTURE: the twin transition calls for massive financing, both public and private. Efficiently using existing resources and a clearer future policy course are important first steps to take in this direction. Watch the event: https://ow.ly/srre50Rsf4C #ESMeuro

In this conversation, Masood Ahmed, President of CGD, and Remy Rioux, CEO of Agence Française de Développement (AFD) and Chair of the Finance in Common Executive Board, discuss a range of ways the world can scale up development finance to meet the Sustainable Development Goals and climate targets

In this conversation, Masood Ahmed, President of CGD, and Remy Rioux, CEO of Agence Française de Développement (AFD) and Chair of the Finance in Common Executive Board, discuss a range of ways the world can scale up development finance to meet the Sustainable Development Goals and climate targets

🧐 What is the #ElementsPaper? The Elements Paper guides #FfD4 preparations by proposing commitments, actions and other key elements to be considered for the FfD4 outcome. It builds on more than 250 inputs from Member States, civil society organisations, private sector, international organisations and other stakeholders. 💬 Does the Elements Paper feature #INFFs? Yes! The Paper recognises Integrated National Financing Frameworks (INFFs) as central to the renewed global financing framework and the role they play across action areas focused on public finance, private finance, collaboration with IFIs, innovation and monitoring. Read the Elements Paper here: https://lnkd.in/dFa8YN4q 💬 Want to join the conversation? Join us at the #FfD4 2nd prepcom side event on 4 Dec 2024; 1315-1430 (ET) Details and registration 👉 https://lnkd.in/gtDTKagT -- UNDP, UNDP Sustainable Finance Hub, United Nations Department of Economic and Social Affairs, OECD - OCDE, UNICEF, European Commission, Ministero degli Affari Esteri e della Cooperazione Internazionale, AGENCIA ESPAÑOLA DE COOPERACION INTERNACIONAL PARA EL DESARROLLO - AECID, Sida

The Fourth International Conference on Financing for Development (FfD4) will be in Spain in June 2025. It has the potential to establish clear, effective, and complementary approaches for UN Member States, the private sector, including the financial sector, and International Financial Institutions to take in fulfilling a shared commitment to greater action in support of the global sustainability goals. To fulfil this potential, Member States must seize this once in a decade opportunity to agree on a robust policy approach and the policy reforms needed to achieve the global sustainability goals. The PRI recently provided policy recommendations in its response to the FfD4 Co-Facilitators’ call for inputs for an Elements Paper on Financing for Development. To support private finance in playing a greater role in achieving the global sustainability goals, Member States should: 1) address the legal and market barriers that prevent investors from contributing to sustainability goals in support of the economic transition to net zero; 2) acknowledge the importance of a whole-of-government approach to policy reform; and 3) effectively account for the social effects of the economic transition in terms of socioeconomic conditions and the protection of fundamental rights. More information about these recommendations can be found in the PRI, UNEP FI, and Generation Foundation Legal Framework for Impact summary report, and PRI’s policy papers on the whole-of-government approach to policy reform and the socioeconomic implications of the economic transition. #ImpactLegalFramework #EconomicTransition #JustTransition Principles for Responsible Investment United Nations Environment Programme Finance Initiative (UNEP FI) United Nations Global Compact United Nations Department of Economic and Social Affairs Margarita Pirovska David Rouch Grace Eddy Maria Caterina Migliorero Davide Cerrato Jan Vandermosten Gina Hanrahan Junru Liu Kelly Krauter Andrii Bilovusiak Jonathan Ho Hazell Ransome Luma Saqqaf Ben Allen René van Merrienboer Nathan Fabian https://lnkd.in/eA3CSqck

🌍 Reflections on the 4th Financing for Development (FFD4) Conference 🌍 In the face of geopolitical fragmentation, a growing SDGs financing gap, and diverging recovery paths, the FFD4 negotiations were bound to be complex. Key discussions revolved around critical issues like the perceived tensions between climate and development finance and the governance of international financial, tax, and debt architecture. Yet, amidst the challenges, a hopeful narrative emerged: ✅ While debates persist on why objectives matter and how to achieve them, there was broad agreement on the ultimate goals—addressing global challenges like inequality, climate change, and sustainable development. ✅ A shared recognition emerged that inaction comes at a cost—not just economic but also geopolitical—threatening the relevance of multilateral efforts in tackling global public goods like climate and health. As part of the European Think Tanks Group ETTG , I had the pleasure to present potential pathways for convergence between European and Global South actors, and where the great moderation of Iliana Olivié and brilliant interventions from the panellists Rodolfo Reta, @monica Colomer, @joseph matola, Gabriela Keseberg Dávalos highlighted some of the key added value of the FFD4: 🔹 Fostering both gradual and transformative approaches to addressing shared challenges; 🔹 Supporting opportunities to align FFD4’s outcomes with broader reforms driven by platforms like the IMF, World Bank, and G20; 🔹 Better linking words to action by sensuring a strong focus on accountability, with tangible objectives and measurable targets to drive meaningful progress. FFD4 underscored the importance of leveraging multilateral platforms to foster consensus, push for systemic reforms, and bridge divides in the pursuit of shared development goals. How can we ensure these discussions translate into impactful action? Let’s continue the dialogue. #FFD4 #FinancingForDevelopment #GlobalGoals #Collaboration #SustainableDevelopment Iliana Olivié Yabibal M. Walle Jérémie Daussin Charpantier Mathieu Duquenne Jean-Paul Adam Hanan Morsy Damien Barchiche San Bilal Ben Katoka Maria Santillan O'Shea Niels Keijzer Hans Peter Lankes @ ECDPM 🌍

The EFA is committed to making an impact throughout the year 💡 One of our Finance Labs has produced a report with crucial policy recommendations on how to finance European scale-ups to boost the European economy 🇪🇺 Advisory Board members Thomas Wieser and Werner Wutscher presented these findings at a Bruegel - Improving economic policy workshop in Brussels with leaders from public institutions, the private sector and the Bruegel network. Collaborations like this are the driving force behind real change and innovation. When we come together across sectors and share our expertise, we can and will address complex challenges more effectively. 📈 #EFA365

After two days of fruitful discussions with participants from three continents, the EBA-ECB International Conference on Supervisory Cooperation was brought to a close yesterday by the #EBA's Executive Director, Francois-Louis Michaud. In his closing remarks, the Executive Director emphasised the importance of reflecting on successes and challenges for supervisory cooperation at the current juncture: now that “re-build” efforts after the great financial crisis are coming to an end, and as we are entering a new cycle, facing a deep transformation of the financial sector as a result of the climate/ESG and digital transitions but also the change in the geo-political situation. Francois-Louis Michaud highlighted that efficient cooperation amongst supervisors requires not only a good set of common practices and cooperation fora but also a constant effort at building and nurturing trust. The conference took stock of the tremendous achievements of the past ten years within the EU and beyond and of the broad adequacy of current cooperation approaches. It also highlighted areas for further improvements or better coordination, especially given the importance of new, not always regulated entrants playing an increasingly important role in the financial sector in a world of growing complexity. This could be facilitated by the use of new technologies. At the heart of the Executive Director’s concluding remarks was the notion that supervisory cooperation underpins financial stability which is itself a public good that benefits all EU citizens.