OeNB-EIB High level meeting

Financing the energy system of the future

High level meeting hosted by the Oesterreichische Nationalbank (OeNB) and the European Investment Bank (EIB)

Recent energy supply shocks and concomitant price volatility stressed the importance of energy for production and investment. EIB surveys show that energy costs are a major barrier to investment for many Austrian firms. Currently, Europe is depending on energy imports from regions which are often prone to geopolitical conflict or domestic unrest. The challenges of climate change and decarbonization warrant huge investments in our energy systems.

At our event, we want to discuss with leading experts in the field the design of the future energy system in Austria, we want to explore which investment options are available, what are the funding needs of firms, and what kind of financing instruments are best for such large long-term infrastructure projects.

15:00 – 15:30 Opening remarks
Robert Holzmann – Governor. Oesterreichische Nationalbank
Thomas Östros – Vice President. European Investment Bank

15:30 – 16:00 Energy costs as a barrier to investment: evidence from the EIB Investment Survey
Matteo Ferrazzi – Senior Economist. European Investment Bank

16:00 – 17:30 Panel discussion: Financing future energy systems: challenges for energy providers and financial markets in Austria
Moderator: Marina Delcheva – Economics Editor. profil
Karina Knaus – Head of Economy, Consumers and Prices. Austrian Energy Agency
Hannes Mösenbacher – Chief Risk Officer. Raiffeisen Bank International
Oliver Picek – Chief Economist. Momentum Institut
Debora Revoltella – Chief Economist. European Investment Bank
Michael Strebl – Chairman of the Board of Management. Wien Energie

17:30 – 17:40 Closing remarks
Birgit Niessner – Director, Oesterreichische Nationalbank


Date
Tuesday, 30 May 2023 | Start: 15:00 | End: 17:40

Venue
Oesterreichische Nationalbank, Vienna
and online via Webex