Greening the European Financial System

Three ideas for a progressive Sustainable Finance agenda The Sustainable Finance agenda is a critical […]

Policy Study

24/06/2020

Three ideas for a progressive Sustainable Finance agenda

The Sustainable Finance agenda is a critical part of the European Green Deal (EGD). It sets public standards for identifying activities that will accelerate the transition to a low-carbon economy (the Taxonomy), standards that can be deployed to steer private finance from brown towards green activities.

The COVID19 global pandemic has rendered the Sustainable Finance strategy even more pressing.

This policy brief identifies three pillars of a progressive approach to greening the European financial system that would render private finance a critical lever in the transition to low carbon economies.

  • Ensure that the Taxonomy minimises greenwashing: strict green & degrees of brown.
  • Climate-align the ECB: not just green subsidies but also brown penalties.
  • Impose a Green FTT.

Read the policy brief

Find all related publications
Publications
20/06/2022

Talking Green in Europe

Lessons on re-framing the public debate on the climate crisis
13/06/2022

Just Transition & Revitalisation – A New EU Strategy for Rural Areas

How can EU actions support the revitalisation of rural areas? How can EU institutions put […]
19/05/2022

European Industrial Policy: A crucial element of strategic autonomy

European Strategic Autonomy series - Economy & Trade
12/05/2022

A macro-development perspective on euro area imbalances

By FEPS and Initiative for Policy Dialogue (IPD), founded by Nobel Laureate Joseph E. Stiglitz.
Find all related events
Events
Past
03 - 04/06/2022
Stockholm (Sweden)

Just Transition: The path to a healthy planet for the prosperity of all

Stockholm (Sweden), 3 June 2022 Urgent action is needed to prevent the breakdown of our climate and […]
12/05/2022

Policy Measures for a Just Transition

12 May 2022 Ideas for Designing a Structural Transformation to Reduce Inequalities Policy discussions in […]
30 - 31/05/2022
Berlin (Germany) | Online

Day of Progressive Economic Policy 2022

Hybrid Conference, Berlin (Germany), 30-31 May 2022 We are embarking on the frequently invoked “decade […]
Find all related news
News
30/05/2022

FEPS launches ‘Recovery Watch’, a new research project

The National Recovery and Resilience Plans represent the new framework in which member states will identify their […]
10/05/2022

Call to participants: Training Days for Social Business

Switzerland, September 3rd 2022
28/04/2022

Prof. Stiglitz: NextGenEU was a step forward, but the EU needs more flexibility

The Nobel Laureate in Economics Prof. Joseph E. Stiglitz speak out about EU’s economic governance and fiscal rules […]
28/09/2021

FEPS joins the European Alliance for a Just Transition

We are delighted to announce that FEPS joins the European Alliance for a Just Transition […]
Find all related in the media
In the media

Leaders Must Choose a Just Energy Transition and a Social Europe

by Euractiv 30/05/2022

The circular economy and green jobs

by ENCOMPASS 25/05/2022

Da Prodi a Rodrigues, domani al via la ’Terza conferenza sul futuro dell’Europa’

by La Nazione 25/05/2022

Belgians resigned but not yet panicking as prices continue to rise

06/05/2022