EU Archives - Jan's notebook

Climate change and finance

Literature:

ESG risks for credit institutions and investment firms (EBA)
A climate stress-test of the financial system (Battiston et al, Nature climate change)
EU Taxonomy Compass
Biodiversity risks in the French financial system (Banque de France)
An analysis of the climate and biodiversity practices of Europe’s largest banks (ShareAction)

An EU super rebate would solve a lot of problems

European Union leaders agreed on a package of measures to support the economy after the damage done by Covid-19.

The summit took four days, because of tensions between member states that will be net payers and those that will be net receivers of EU funds.

However, I had a more elegant alternative, as I explained on Twitter (thread):

How @eucopresident can break the budget stalemate:
The EU should refund the 2019 contribution of all member states, times ten.
#EUCO #EUSuperRebate
— Jan Musschoot (@JanMusschoot) July 20, 2020

The EU missed an opportunity to provide macroeconomic support that matches the size of the corona shock, to increase safe assets and to avoid transfers between member states.