MARCH 2024 - EXECUTIVE SUMMARY: INVESTING IN EUROPE’S PROSPERITY A VISION FOR FINANCING THE TRANSITION TO

In the 2023 Strategic Foresight Report, the European Commission estimates the need for additional €620bn investments per year to meet the objectives of the European Green Deal and REPowerEU.2 Those objectives include decarbonisation targets, but also creating a sustainable and competitive economy that protects the EU's natural capital, and the health and wellbeing of its citizens. [...] 4 I N V E S T I N G I N E U R O P E ’ S P R O S P E R I T Y – E X E C U T I V E S U M M A R Y Putting public finance to work in support of the transition Public investment is crucial to achieving the transition. [...] Greening the European Central Bank’s monetary policy Monetary institutions need to find a way to address the high interest rates and increased capital costs that are likely to arise in the shift towards the transition to sustainability. [...] Smarter deployment: leveraging the system towards the future It is not enough to have public funding available for investments into the transition – it is necessary to effectively deploy it to crowd in private finance, create market demand for activities and solutions that support the transition and provide strong signals to financial market players. [...] We work on the frontier of the climate landscape, tackling the barriers and advancing the solutions to a safe climate.