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The panel discussion will be hosted by the German Climate Pavilion
Contingent on a supportive environment, private financial institutions could facilitate as much as $3.5 trillion of annual financing between 2022 and 2050 to drive the climate transition. Embedding climate into the broader agenda and priorities of financial institutions will be critical to realizing this potential. Integrating climate into the way you work can range from developing detailed transition plans, to setting and disclosing net-zero commitments/targets, to incorporating climate risk in your risk management framework and defining more deliberate sustainable investment strategies.
Title: Dangerous liaisons? Debt supply and convenience yield spillovers in the euro area
Summary: This paper documents spillover effects of sovereign debt issuance among euro area countries’ convenience yields, establishing a new source of fiscal spillovers in the euro area
The result of the auction of 5 November 2024 for the 3-months Bills of the ESM was as follows:
Total Bids € 4,171.00 mn
Competitive bids € 2,407.00 mn
Non-competitive bids € 1,764.00 mn
Allotment / Issue volume € 1,099.44 mn
Press conference following Eurogroup meeting
Brussels, 4 November 2024
ESM Managing Director Pierre Gramegna will give opening remarks in a panel discussion at COP29 Conference in Baku, Azerbaijan on 14 November (17:30-18:30).
The panel, organised by the Luxembourg Ministry of Finance, will focus on multilateral finance’s role in climate action.
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ESM Managing Director Pierre Gramegna will take part in the panel discussion with EIB Vice President Ambroise Fayolle at COP29 Conference in Baku, Azerbaijan on 13 November (17:30-18:15).
The topic of the panel is "Towards sustainable finance: A perspective from European financial institutions". It will be moderated by Isabel Dellas from LuxFLAG.
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When one major ‘safe’ euro area country suddenly issues more debt, interest rates rise for all euro area countries. In a newly published paper, we provide evidence to show that the response of interest rates on sovereign bonds in secondary markets is nearly as large in many neighbouring countries as in the country issuing the debt.