The Impact of the European Silver Anti Fund on Low Carbon Technologies

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There is a very real risk that countries with the greater fiscal space to unleash pretty much the power of state aid might be really the ones that benefit most from state relaxation, says Eliza Betta. There are also worries that these European Silver Anti Fund might turn out to be not as ambitious as it really should be if you wish and also if instead of bringing about new funds like the the recovery and resilience facility had done to join borrowing when the COVID crisis came about.

The energy transition is prompting policy changes worldwide as governments seek to mobilize the trillions of dollars needed to transform their economies. For example, in 2022, the U.S. signed into law the Inflation Reduction Act, a comprehensive energy and climate law that allocates $370 billion in federal spending to decarbonization efforts over the next decade.

In this episode of the ESG Insider podcast, we’re turning our attention to the European Union and digging into the Green Deal Industrial Plan. The European Commission proposed the plan earlier this year to boost investment in clean-tech industries and to make the EU more competitive globally amid the transition to a low-carbon economy.

To learn about the EU’s strategy, we talk to Elisabetta Cornago, Senior Research Fellow at the Centre for European Reform, a think tank.

“The IRA was a bit of a call to action for the EU,” Elisabetta tells us.

We also speak to Hayden Morgan, Partner and Head of Sustainable Finance Advisory at Pinsent Masons, a multinational law firm headquartered in London. And we hear from Brian Hensley, Partner at climate advisory firm Kaya Partners.

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