Thrilled that my first article is out in @jeppjournal.bsky.social ☺️

It looks at why renewable energy buildout in Europe has been *so* unsteady - tracing the evolution of/conflict over the regime for RE derisking over the last two+ decades...

It's open access! 👉 doi.org/10.1080/1350...

Short 🧵 ...

@riccardobaioni.bsky.social, Nicolás Águila, Janina Urban, @paulahaufe.bsky.social, @simonschairer.bsky.social & @jwullweber.bsky.social discuss how the European Commission attempted to reinvigorate the stalled Capital Markets Union project by reframing it as a vehicle for green investments 👇

Vis à vis another attempt to relegitimise the CMU, relaunching it in the form of the SIU, and the deregulatory turn of the Omnibus, the strategies highlighted in this paper can serve as a reference point to study how the relation between sustainability and financial capital is currently contested.

By proposing the political strategy of ‘playing the capital market’, the paper emphasizes the strategic malleability of market-related ideas by EU institutions, but also the necessity to relegitimise them in the name of a common good

In addition, the strategy aimed to reconcile the tension between the goal of redirecting financial flows to meet environmental targets and the competitiveness of the European financial and industrial system

By introducing sustainable finance into the EU agenda 'as part of' the CMU project in 2016, their strategy aimed to ease the tension between the short-termism and volatility of market-based finance, which EU institutions aimed to mobilize, and the long-term nature of green investments

The paper explores how the European Commission and the ECB have sought to relegitimise the Capital Markets Union (CMU) and mobilise market-based finance for green investments.

Happy to share a new open-access article from the SuFi project at Witten/Herdecke University, just published in @jeppjournal.bsky.social @naguila.bsky.social @janina urban @paulahaufe.bsky.social @simonschairer.bsky.social @jwullweber.bsky.social
👉 www.tandfonline.com/doi/full/10....

Figure from our #policy #report: 1. The main barrier to #financing the necessary activities for the sustainable transition is their lack of #bankability
2. High GHG-emitting activities remain #bankable and thus continue to attract financing from banks and shadow banks
www.uni-wh.de/en/your-camp...

We are thrilled to announce the public #launch of our #policy #paper: "Financing the #green #transition: Increasing #bankability, phasing out carbon investments and funding 'never bankable' activities" @ioew.bsky.social Monday 30.06.2025, 11:00 (CET) www.uni-wh.de/die-finanzie...

Banks have been slow to increase green lending and continue to finance high-GHG-emitting activities. Why? Based on 88 interviews, in our new @trace working paper, we argue that there are three main reasons: bankability, business model, and regulations. papers.ssrn.com/sol3/papers....

🚨 New Working Paper published with @simonschairer.bsky.social @janfichtner.bsky.social @david castro @naguila.bsky.social @janina urban @paulahaufe.bsky.social @jwullweber.bsky.social :

🛢️💸🏝️

papers.ssrn.com/sol3/papers....