EDFI thanks the more than 100 people from the #EDFI community, partners, experts, and policymakers who attended this week a special seminar that explored the links between the European sustainable finance regulatory framework, development policy, and #GlobalGateway. We came together to explore: ☑ Strategies for scaling up sustainable finance in emerging markets and developing economies. ☑The importance of sustainable finance regulations, innovative financing mechanisms, and targeted investments in priority sectors. ☑Challenges of the regulations for European investors operating outside the EU, and the consequences for attracting private investment into developing countries and for the EU Global Gateway approach. ☑There was broad agreement on the need for robust standards, as well as a recognition that these standards can be better tailored to support international development and the EU’s strategic priorities. The seminar takeaways and next steps to explore are: ✔ Examine how existing international standards could be better leveraged within the EU regulations. ✔Ensure the definitions of sustainability are appropriately adapted where they must be applied to developing countries. ✔Adapt the Green Asset Ratio to better account for sustainable activities outside the EU. ✔Consider ways to improve interoperability between #EU and other country taxonomies to increase private capital flows. ✔Review the Global Gateway project list and select priority sectors/projects going forward. ✔Explore options to better recognise transition finance and address assurance challenges in developing markets. Many thanks to Koen DOENS, Director-General at DG INTPA within the #EuropeanCommission, who gave the keynote and took questions afterward. Special thanks as well to guests who led the highly interactive talk: - James Brenton, Sustainable Finance & Impact Advisor, EDFI - Nancy Saich, Chief Climate Change Expert, European Investment Bank (EIB) Investment Bank - Yvonne Bakkum, Impact Expert - Helmut von Glasenapp, Secretary-General, European Association of Long-Term Investors (ELTI) Association - Michael Jongeneel (he/him), CEO, FMO - Dutch entrepreneurial development bank - David Kuijper’s moderation kept the conversation moving and meaningful and brought in comments and questions from the audience. 📃 EDFI has put considerable work into the EU sustainable finance regulatory framework. To learn more about that work, check out our just-released statement https://lnkd.in/gBKzZyQc as well as a newly published EDFI-commissioned mapping report. https://lnkd.in/gfJYvw9N ☀ Thanks as well to attendees for making the EDFI Annual Reception a success, and a welcome chance to continue the seminar conversation while enjoying the sunny weather!
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