Investing in decarbonising the EU: The role of the economic governance reform and beyond

How to balance fiscal sustainability and responsibility with the financing of the green transition?

Date: Wednesday 29 March 2023, 15.00 - 17.00 CEST
Venue: Friedrich-Ebert-Stiftung EU Office, Rue du Taciturne 38, 1000 Brussels
Language: English

Please note that this event will take place in person and will also be live streamed. Please use the link:

The European Commission communication of 9 November 2022 on the review of the Stability and Growth Pact proposes solutions to some of the pressing criticalities of the current economic governance framework. The corridor of reform is politically narrow. While the proposal stresses the importance of the green transition, it does not seem to increase by much the member states’ fiscal space for investment in the decarbonisation of their economies.

The Commission’s Green Deal Industrial Plan, in tandem with the announcement of a European Sovereignty Fund, may open complementary pathways for financing the green transition. The importance of a successful decarbonisation of the EU’s economy is highlighted by the EU’s own climate objectives and energy dependency, as well as by the work on integrating climate risk in economic modeling by the ECB and the potential impact of this on the assessment of the sustainability of national debts.

Following an event in Rome in 2022, the Friedrich-Ebert-Stiftung and ECCO convene a dialogue in Brussels with Italian and German Progressives to consider possible ways to balance fiscal sustainability and responsibility with the financing of the green transition in the context of the review of the Stability and Growth Pact and beyond.


  • Introduction: Matteo Leonardi, Co-Founder and Executive Director, ECCO Think Tank

  • Antonio Misiani, Member of the Italian Senate, vice president of the budget commission
  • Joachim Schuster, Member of the European Parliament, spokesperson economic policy Europa-SPD
  • Paul van den Noord, Affiliate Member, Amsterdam School of Economics and Amsterdam Centre for European Studies
  • Stéphanie Pamies, Head of Unit DG ECFIN, Unit C2 - Sustainability of public finances and public expenditure trends
  • Moderation: Davide Panzeri, ECCO Think Tank
  • Conclusions: Stephan Thalhofer, FES Just Climate

If you have any questions about the event, please contact Stephan Thalhofer by e-mail (stephan.thalhofer(at)

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