Recording of Wednesday, June 19, 2024 | The smarter E Europe 2024 | Conference Program | Language: English | Duration: 22:58 .

Europe Accelerates Green Investments Amidst Global Competitiveness and Regulatory Challenges

Tsvetelina Kuzmanova, speaking at a panel of women in finance, delves into the current state and future trends of financial flows in Europe. Based in Brussels with E3G -Third Generation Environmentalism, a climate think tank, she collaborates closely with EU policymakers to design tools and policies that boost green investments. The geopolitical context spurred by the war in Ukraine has significantly accelerated Europe's shift from fossil fuels to renewables like solar energy. Notably, Europe leads globally in renewable investment ratios compared to fossil fuels (10:1). The competitiveness sparked by the U.S.’s Inflation Reduction Act and China's dominance in clean tech production is shaping European market dynamics post-European elections. This conservative shift has emboldened deregulation efforts against green finance rules. Despite global election-year politics influencing ESG movements negatively as seen through recent American court rulings against institutional investors for green energy focus, there's an upward trend overall for clean investments worldwide—predominantly solar. Kuzmanova highlights sustainable debt issuance as crucial for scaling up investments outside China; public funding's importance grows alongside private sector contributions due to affordability needs for end users. Green bonds emerge as key instruments within Europe's toolkit—Europe being the world's largest issuer of these bonds amounting to over €800 billion issued over a decade.

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Speaker

Tsvetelina Kuzmanova
Senior Policy Advisor
E3G -Third Generation Environmentalism
Belgium

Talk of session: Shaping the Solar Landscape: Female Visionaries on Project Funding for PV

Despite the global exponential growth of solar power, challenges currently loom large — from soaring debt costs to dwindling capture prices and escalating curtailment rates. These hurdles threaten to impede deployment growth in the urgent race to triple renewables installation by 2030. The pressure for innovative solutions and rapid action is high, and financing is key. Our session will therefore convene investors, developers and financing institutions to analyze key issues and explore new perspectives on solar finance, with the aim of driving the realization of a sustainable and prosperous future through advanced solar initiatives.

Topics will include:
1. Assessing financing conditions for solar power plants
2. Analyzing the impact of policy shifts on PV project financing
3. Strategizing to enhance solar project financing

This panel discussion is organized by the Bundesverband Solarwirtschaft (BSW-Solar) in cooperation with the Women Energize Women (WEW) initiative. Women Energize Women (#womenenergize) is a campaign for the global empowerment of women in the energy sector by the Federal Ministry for Economic Affairs and Climate Action (BMWK). It is implemented by the Deutsche Gesellschaft für Internationale Zusammenarbeit (GIZ) within the scope of BMWK's global project Bilateral Climate and Energy Partnerships and Dialogues. (https://www.womenenergize.org/)

Further Talks of this session:

Welcome & Introduction

Speaker

Katarzyna Rezza Vega
Head of Women Energize Women
German Corporation for International Cooperation (GIZ) GmbH
Madagascar

To Talk

Funding and Developing Solar Power Plants- Economic Factors and Challenges

Speaker

Dr. Konstanze Kinne
Head of Treasury Aquila Clean Energy EMEA
Aquila Capital
The Netherlands

To Talk

Panel Discussion

Speaker

To Talk

Partners & Sponsors

Partners & Sponsors