Plan Bleu at the international symposium in Athens on sustainable finance in the Mediterranean

Plan Bleu participated in the international symposium held in ANIMA Investment Network and Enterprise Greece, bringing together public decision-makers, investors, development finance institutions, and economic stakeholders from both shores of the Mediterranean.

On this occasion, Dr. Constantin Tsakas, Chief Economist of Plan Bleu, presented a synthesis of our work on sustainable finance, environmental taxation, as well as the dynamics of the blue and green economy. His intervention highlighted the concrete challenges faced by Mediterranean economic sectors, agriculture, tourism, industry, and trade already heavily exposed to the accelerating impacts of climate risks and evolving European regulatory frameworks.

MED2050 foresight scenarios were also used to illustrate the contrasting trajectories the region could follow depending on the choices made today. In a context where the Mediterranean is warming faster than the global average, this work highlights the urgency of directing financial flows toward investments compatible with a sustainable transition.

Three priority levers were highlighted during the discussions: reforming environmentally harmful subsidies, establishing a Mediterranean green taxonomy, and leveraging blended finance to mobilize private investment at the required scale.

On the sidelines of this event, Dr. Constantin Tsakas was honored at the Mediterranean Leaders Awards, organized on the occasion of the 20th anniversary of ANIMA Investment Network. This recognition highlights a long-standing commitment to sustainable economic development in the Mediterranean, notably through his roles within FEMISE, the Centre for Mediterranean Integration of the World Bank, and today at Plan Bleu.

Plan Bleu extends its thanks to Tarak Chérif, President of ANIMA Investment Network, to its General Delegate Emmanuel Noutary, as well as to Enterprise Greece, and in particular to Vasso Kyrkou, for the high quality of the organization and discussions.

Beyond this distinction, the meeting helped strengthen ties with stakeholders in investment, innovation, and sustainable development across the Mediterranean. It opens new avenues for collaboration for Plan Bleu, which intends to continue its role as a laboratory of ideas and initiatives serving the transition of Mediterranean economies and societies toward a more sustainable, resilient, and inclusive model.
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