Author: Dóra Csernus
Representing Egyensúly Intézet // Equilibrium Institute of Budapest I was moderating the panel discussion called Challenges and opportunities for industry decarbonisation in CEE. The conversation took place as part of the CEE Sustainable Finance Summit organized by ISFC.
In a frank style we examined key hurdles industries face . The journey will be long, the path difficult, but the sooner we understand the need for structural changes the better our positions will be in the net zero future.
You can re-play the panel here.
What are the takeaways ?
- Clear, long-term policy framework is a key against the backdrop of long investment cycles in hard-to-abate industries.
- Decarbonisation should not necessarily result in de-industrialisation. What’s more, a global understanding of the green transition must be reached to avoid widespread carbon leakage.
- Innovative financial instruments must help direct investments in the transformation of our economies.
- The cost of complacency must be much higher to give impetus to technological innovation: emission prices need to give a necessary cost push.
- Reducing our energy consumption is of utmost importance: investment in energy efficiency must go hand in hand with demand-side management .
More insights
Second high-level impact lunch in Budapest
The Equilibrium Institute held its second high-level impact lunch in the framework of the project on 2 October 2023.
The Industry Taskforce
The Taskforce will pool key decision makers and power brokers from the region to provide expert input, peer review for research and act as ambassadors of the project.
