During the talk, we will introduce the content of a Greenpeace’ paper (https://storage.googleapis.com/planet4-eu-unit-stateless/2020/06/20200603-Report-ECB-coronavirus-bond-purchasing-bankrolls-fossil-fuels.pdf) which analysed the lists of corporate bonds purchased by ECB between mid-March and mid-May 2020; the author estimated the carbon footprint of ECB response to the coronavirus pandemic.
In contrast, I will take this opportunity to address the vision in the GNDE and the Blueprint: Fund the green transition by mobilising a coalition of Europe’s public banks — led by the European Investment Bank and with public guarantee by ECB — to issue green bonds to raise at least five percent of Europe’s GDP in funding that can be channelled into the Green Public Works, putting in parallel investment decisions in the hands of communities and generates millions of new jobs in the green economy.
Adam Pawloff and I, we will finally talk of possible future campaigns – even co-branded – that could promote a “new deal” of the European Central Bank which prioritise employment, social progress and environmental protection as part of its mandate; the latter part could involve questions and answers from the public - possibly collected in advance - to guide and mobilize activists on how to push monetary policy and finance towards disinvestment from fossil sources.
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