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.

Photo source: Getty Images

Copyright ©2023 by S&P Global

DISCLAIMER

This piece was published by S&P Global Sustainable1, a part of S&P Global.

By accessing this Podcast, I acknowledge that S&P GLOBAL makes no warranty, guarantee, or representation as to the accuracy or sufficiency of the information featured in this Podcast. The information, opinions, and recommendations presented in this Podcast are for general information only and any reliance on the information provided in this Podcast is done at your own risk. This Podcast should not be considered professional advice. Unless specifically stated otherwise, S&P GLOBAL does not endorse, approve, recommend, or certify any information, product, process, service, or organization presented or mentioned in this Podcast, and information from this Podcast should not be referenced in any way to imply such approval or endorsement. The third party materials or content of any third party site referenced in this Podcast do not necessarily reflect the opinions, standards or policies of S&P GLOBAL. S&P GLOBAL assumes no responsibility or liability for the accuracy or completeness of the content contained in third party materials or on third party sites referenced in this Podcast or the compliance with applicable laws of such materials and/or links referenced herein. Moreover, S&P GLOBAL makes no warranty that this Podcast, or the server that makes it available, is free of viruses, worms, or other elements or codes that manifest contaminating or destructive properties.

S&P GLOBAL EXPRESSLY DISCLAIMS ANY AND ALL LIABILITY OR RESPONSIBILITY FOR ANY DIRECT, INDIRECT, INCIDENTAL, SPECIAL, CONSEQUENTIAL OR OTHER DAMAGES ARISING OUT OF ANY INDIVIDUAL'S USE OF, REFERENCE TO, RELIANCE ON, OR INABILITY TO USE, THIS PODCAST OR THE INFORMATION PRESENTED IN THIS PODCAST.

338 - DMG 2024 (Part 2)