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PSIA Sciences Po

@PSIASciencesPo

🎓 The Paris School of International Affairs (PSIA) @SciencesPo
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linkhttps://linktr.ee/psiasciencespo calendar_today02-04-2015 16:23:49

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Marc Ringel (European Chair SD&CT) sums up the heart of the green transition in his own words: 'This transformation is ambitious, but it may hurt if we try and push it through. How can we keep industry sectors alive while decarbonising them, all the while keeping it acceptable for people?'

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Communication and messaging is a crucial dimension to the Green Deal. Cristina Peñasco: '25% of our citizens believe that this Green Deal is a hoax. We need to take into consideration not only the climate goals, but what it’s calling to their hearts.'

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The green transition must be implemented equitably. Marcin Korolec: 'Whose industry, whose workers will deliver the legal objectives under the Green Deal? If we aim to create an industrial transition fund, we need to examine the distribution of assets amongst member states.'

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The social aspect of the transition has to be considered. Barbara Pompili: 'Ultimately, the people in our countries want to understand what they will do in the future, what the future will look like for them, and especially for their children.'

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'Nous avons démontré qu'il est possible de croître notre économie tout en réduisant nos émissions 📉

Le 🌱 vise à faire de l'Europe 🇪🇺 le foyer de la transition verte & de la ' - Maroš Šefčovič🇪🇺

'Nous avons démontré qu'il est possible de croître notre économie tout en réduisant nos émissions 📉 Le #PacteVert🌱 vise à faire de l'Europe 🇪🇺 le foyer de la transition verte & de la #CleanTech' - @MarosSefcovic
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Implementing the green deal is a dynamic, collaborative. Maroš Šefčovič🇪🇺: We must continue to cultivate the support of Europeans, European businesses for green policies. This is why the European Commission writes codes for industries and also leads dialogues with citizens.'

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The green transition is inherently tied to European society and its people. Maroš Šefčovič🇪🇺: 'We need to ensure that the Green Deal is truly European – that it is for the whole society and leaves no one behind. That It is truly just.'

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The momentum of the green transition must be maintained. Maroš Šefčovič🇪🇺 'We cannot afford to take our foot off the pedal even for a second. Instead, our attention must focus on implementing green measures, fit to face the new geopolitical unresponsiveness.'

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There is much to hope for. Maroš Šefčovič🇪🇺: 'I can safely say that we have come a long way. We have demonstrated that it is possible to decouple economic growth from emissions, having reduced our emissions by more than 35% while our economy grew by almost 70%'

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A huge thank you to the Sciences Po Chair in Sovereign Debt, the OECD ➡️ Better Policies for Better Lives, and all our speakers today for a dynamic and insightful conversation on the global debt landscape and the future trends in sovereign borrowing.

A huge thank you to the @SovDebtScPo, the @OECD, and all our speakers today for a dynamic and insightful conversation on the global debt landscape and the future trends in sovereign borrowing. #PlaceToSpeak
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Incoming Chairholder of Sciences Po Chair in Sovereign Debt, Paola Subacchi notes the 'elephant in the room': 'China has $3.3 trillion in reserves, and is the largest bilateral lender.' She asks how we allocate these savings in an efficient way that actually ensure future sustainable growth.

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Mr Landau also foresees a large debate about the future of concessional finance: 'Should we focus on development, or should we focus on the climate? And if we focus on the climate, should we focus on adaptation or mitigation?'

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Jean-Pierre Landau, Associated Professor at Sciences Po notes that debt is at an all time high. 'It is hard to know what the future will be because there is no precedent.'

He also notes in reassurance, that the international system 'resisted much better than everybody expected.'

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Japan’s interest burden is not as large as you’d think it is, asserts Ms Carlston: 'The difference between Japan, the Euro Area, and the United States is the role of the domestic market in Japan. [Japan] is a country that issues about 90% of its debt at home.

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Sarah Carlston of Moody's Ratings shares views on the integrals of borrowing: 'The strength of institutions and governance are absolutely fundamental to sovereign credit' also noting that 'The judiciary is important, but norms can also be quite a powerful way of enforcing rules.'

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