A European Climate Emergency Fund

AXA
Door november 20, 2019 10:56

A European Climate Emergency Fund

How a European joint debt issuance initiative could help fund the green transition

In this paper, we explain how a European joint debt issuance instrument could help fund the green transition, drawing on the successful experience of the ESM in dealing with the 2012 sovereign debt crisis. This approach, which combines low-risk and low-cost funding with effective conditionality would assuage concerns in core countries about the risk of drifting into an “unlimited transfer union, i.e. the risk that mutualisation ends up being “played” by fiscally spendthrift member states. Ideally, we think such vehicle should front-load its debt issuance, to take advantage of the current environment of extremely low interest rates. With adequate size, this could come with significant collateral benefits – such as at long last, the creation of a proper reference asset at a European level. This would in our view meet significant demand from long-term investors.  

AXA
Door november 20, 2019 10:56

Zoek

Twitter

The fight for the Democratic nomination moves into the next round. -> https://www.opiniopro.com/2020/02/fn/the-fight-for-the-democratic-nomination-moves-into-the-next-round/ #elections #usa #Trump #Republican #Democrats via @DWS_Group

Slowing but going -> https://www.opiniopro.com/2020/02/fidelity/slowing-but-going/ #AssetAllocation #Equities #FixedIncome #RealEstate via @Fidelity

The prospects for economies and markets in 2020. -> https://www.opiniopro.com/2020/02/bmo/the-prospects-for-economies-and-markets-in-2020/ #brexit #centralbank #china #Fed #manufacturing #oil #recession via #BMO

Navigating a Sentiment Crash -> https://www.opiniopro.com/2020/02/qma/navigating-a-sentiment-crash/ #crash #Equities #growth #sentiment #value via @pgim

Are you taking enough risk? How do you know? -> https://www.opiniopro.com/2020/02/invesco/are-you-taking-enough-risk-how-do-you-know/ #china #Equities #factor #FixedIncome #riskpremium via @InvescoEMEA

Load More...

Zoek op datum

november 2019
M D W D V Z Z
« okt   dec »
 123
45678910
11121314151617
18192021222324
252627282930