A Dictionary of Finance

Climate action is about more than cutting emissions. Even if mitigation succeeds, societies and economies will continue to face climate risks for years to come. Climate adaptation is how those risks are managed.In this episode of Invested by Europe, we speak with Roman Röhrl, climate change specialist at the European Investment Bank, about what climate adaptation really means and how it works in practice. The conversation explores how adaptation helps protect people, infrastructure and economic activity from climate hazards such as flooding, heatwaves and drought.The episode looks at why adaptation needs to be built into investment decisions across sectors, how long‑term finance and clear standards can help scale up resilience, and the role that institutions, policymakers and the financial sector play in supporting climate‑resilient development.🎧 Invested by Europe is the European Investment Bank’s video podcast exploring how Europe invests in its future — from climate and energy to housing, infrastructure and social cohesion. Hosted on Acast. See acast.com/privacy for more information.

Across Europe, affordable housing depends on more than construction alone. It requires long‑term finance, clear rules, access to land and careful urban planning.In this episode of Invested by Europe, we speak with Grzegorz Gajda, Senior Urban Specialist at the European Investment Bank, about what makes affordable housing work in practice. Drawing on experience from across Europe and beyond, the conversation looks at how governments, cities, investors and institutions can work together to increase supply, keep housing affordable and build sustainable urban communities.The episode explores how long‑term funding mechanisms, effective regulation, land recycling and mixed‑use development can help deliver housing that people can afford — and cities that function better for everyone.🎧 Invested by Europe is the European Investment Bank’s video podcast, exploring how Europe invests in its future — from housing and energy to innovation, infrastructure and social cohesion. Hosted on Acast. See acast.com/privacy for more information.

Explore how innovation in construction materials, digital tools and industrialised processes could transform how Europe builds—and who works in construction.  The conversation looks at why construction has changed so little for decades and how technologies such as digital twins, Building Information Modelling (BIM), robotics and artificial intelligence are reshaping design, production and collaboration. Industrialised, factory-based construction offers major gains in precision, cost control, waste reduction and worker safety. That will make construction attractive to young people and help solve the industry’s labour shortage.  The episode argues for a life-cycle approach to buildings, from design and construction to operation and end-of-life reuse of materials. By combining innovation with circular thinking, Europe can deliver buildings that are both affordable and sustainable. Hosted on Acast. See acast.com/privacy for more information.

Social investment shapes everyday life in Europe — from education and healthcare to childcare and housing. In this episode of Invested by Europe, we explore why investing in social infrastructure is not just about social protection, but a key driver of inclusive economic growth.  The podcast looks at how social investment helps more people participate in the labour market, boosts productivity and supports ageing societies. We examine gaps in childcare provision, the housing affordability challenge and Europe’s growing skills shortages — and why addressing them could significantly strengthen Europe’s economy.  The episode also explores how innovation, including digitalisation and artificial intelligence, can help deliver social services more efficiently, even as fiscal pressures rise. Hosted on Acast. See acast.com/privacy for more information.

Europe’s security environment is changing fast — and investment decisions made today will shape its resilience for decades. In this episode of Invested by Europe, we examine why security and defence is such an urgent priority and what European strategic autonomy means in practice.  The podcast explores how Europe is closing long-standing capability gaps through coordinated investment, joint procurement and new financing tools. Innovation emerges as a central theme, spanning areas such as cybersecurity, space, artificial intelligence and advanced electronics — many of them dual-use technologies with both civilian and military applications.  The episode also looks at the role of small and medium-sized enterprises, the importance of mobilising private investment alongside public funding, and how readiness depends on a broad ecosystem of technologies and suppliers.  Hosted on Acast. See acast.com/privacy for more information.

Explore why accelerating energy efficiency renovations is one of the fastest and most effective ways to cut energy demand, reduce emissions and lower energy bills.The podcast looks at why renovation rates remain too low, what’s holding back households, businesses and cities, and how investment and public support can help unlock action. We also examine the role of digital tools and artificial intelligence in planning renovations and operating buildings more efficiently.The episode explains how energy efficiency supports the rollout of renewable energy, improves comfort for citizens and delivers more predictable energy costs — and how the European Investment Bank helps scale up investment through financing and technical assistance. Hosted on Acast. See acast.com/privacy for more information.

Invested by Europe explores the forces shaping the European economy. In each episode, we hear from experts tackling the most pressing challenges—from housing and energy to innovation and infrastructure, security and defence. We look at what’s changing, what the solutions are, and how Europe is investing in its future. Hosted on Acast. See acast.com/privacy for more information.

What do you do when an economy is struggling? If you’re a policymaker, a politician, or a central banker, you develop a stimulus package. That’s the term we examine in today’s episode. It’s the inside story of one of the biggest stimulus packages in history, to find out how it was set up, how it worked and what kind of results it got. The inside story of the European Fund for Strategic Investments. Hosted on Acast. See acast.com/privacy for more information.

When we speak of the virtual world and storing things in ‘the cloud’, we seldom stop to realize that our digital climate impact is not virtual at all Many people see digitalisation as this magical pixie dust that Tinker Bell sprinkles on old industries to make them all environmentally friendly. Stop printing newspapers and get your news online and suddenly your environmental footprint is down to zero, right?Wrong.In this episode of the Monster Under the Bed podcast we learn:·        What is the climate impact of the digital sector?·        What is Jevon’s paradox?·        What is the digital sector doing to clean up its act?·        That even when digital services use renewable energy, it might be using up renewable energy that otherwise might be used by more critical sources. So we should hold off on all those cat videos·        How can you personally curtail the CO2 emissions of our own use of technology?My guests on this episode are the European Investment Bank’s head of division for digital infrastructure Harald Gruber and risk manager Shirley Rizk. They are but two of the many experts at the EU bank who are helping me challenge various rumours, myths, and misconceptions that we are trying to overturn on this series of podcasts.Each episode features one ‘monster under the bed’ something that we are scared of, or mistakenly believe to be true. Check out our episodes on urbanisation, healthcare, education and much more.Look up Monster Under the Bed on your phone’s podcast app, and click ‘Subscribe’ or ‘Follow’. This way you can sleep soundly without worrying about missing any episodes – and during the night Tinker Bell will sprinkle a new episodes into your phone for you!Also, please rate and review us, and give us feedback – I’m @AllarTankler on Twitter.  Hosted on Acast. See acast.com/privacy for more information.

In schools and in the workplace disability training makes for better inclusion—and lets everyone draw on the strengths of people who overcame difficulties most of us never facedIs disability a state of mind? According to Bebe Vio, the young Italian Paralympic champion, you don’t need arms and legs to reach your goals. However, disability and diversity can come in many different forms—they can even be invisible. How can you help create an inclusive society?In this episode of the Monster Under the Bed podcast you’ll find out:·        What is social diversity, diversity in the workplace, and diversity benefits·        Why inclusion should start at school·        How culture and education can build equality·        Where jobs and disability come togetherAt the European Investment Bank, the EU bank, we care about diversity and inclusion. In this episode, we meet kids, men and women, with and without disabilities. All together they challenge our assumptions and prejudices.In each episode of the Monster Under the Bed podcast, we fight one myth in society and win the battle for a more sensible way of doing things.So that you don’t miss any episodes, subscribe to Monster Under the Bed on your phone’s podcast app. You can do it in iTunes, Acast and many other podcast platforms as well.Let us know if you can think of a monster we should expose on future episodes. Get in touch on Twitter @AllarTankler. If you’ve got something to say about diversity and inclusion in particular, contact me @Anto4EIB Hosted on Acast. See acast.com/privacy for more information.

In this episode of Monster Under the Bed, we bust the idea that the EU is something to scare people with, and the myth that it costs us too muchIn the last few years, the EU budget has become a major topic of public discourse – whether in the media, or in our neighbourhood cafes. Something that once felt so remote has gone mainstream.A lot of that is due to Brexit, and a lot of the conversations have had to do with specifically how much the European Union costs us, and our countries. So we decided to figure out whether there’s any truth in the often-heard exclamations that the EU costs us too much.In this episode you’ll find out (without a lot of math or statistics):·        What is the EU budget? How is it decided, collected and spent? How big is it?·        How much does each European contribute to the EU budget?·        Why do some countries pay more into the EU budget than others do?·        What is cohesion?·        Why do people believe some of the myths about the EU floating around, and how can we use a moment of crisis and turn it into an opportunity?At the European Investment Bank, the EU bank, we have all kinds of experts, who can challenge our assumptions, notions and prejudices about anything from climate to cybercrime and from healthcare to urbanisation. In this episode you will hear our Vice-President Alexander Stubb, as well as Mariusz Krukowski, the European Investment Bank’s senior policy adviser who works on EU budget issues and Brexit, among other things.So that you don’t miss any episodes, subscribe to Monster Under the Bed on your phone’s podcast app. You can do it in iTunes, Acast and many other podcast platforms as well. In each episode of the podcast, we fight one imaginary monster under the bed and win the battle for a more sensible way of doing things.Let us know if you can think of a monster we should expose on future episodes. Get in touch on Twitter @AllarTankler. This episode contains audio content provided by the Audiovisual service of the European Commission (©European Union, 2013). Hosted on Acast. See acast.com/privacy for more information.

In this episode of Monster Under the Bed, we bust the ‘you are what you know’ education myth and discover that, in fact, you are the things you know how to doIn the grim Victorian building where I went to school, we learned everything by rote. It worked out okay for me. But the focus at the school my kids attend doesn’t seem to be on cramming knowledge into their heads, and sometimes I wonder if that’s bad for them.So I decided to examine the ideas I had about schooling. Maybe the things I thought made for good learning were actually education myths that no longer apply in the digital age. With the help of the education experts at the European Investment Bank, the EU bank, I decided to find out.In this episode you’ll find out:·        What are competencies? Competencies are the things you know how to do, rather than the things you know (like public speaking or putting together a presentation)·        That kids are now focused on learning vs memorization, or to put it another way understanding vs memorizing. You could say it means learning life skills vs facts.·        that when you have to change career (and even sometimes when you don’t) you need upskilling. What is upskilling? Upskilling is often retraining to bring you skills and competencies in line with what employers need in a marketplace that’s increasingly digital·        that schools are preparing kids for the changes digitalisation is making to old ideas about careers·        how an EU programme makes education fairer and more socially inclusive.At the European Investment Bank Group, the EU bank, we have all kinds of experts, just like the education specialists in this episode. They can challenge our assumptions, notions and prejudices about anything from climate to cybercrime and from healthcare to urbanisation.We started the Monster Under the Bed podcast to examine these myths. In each episode of the podcast, we fight one imaginary monster under the bed and win the battle for a more sensible way of doing things.So that you don’t miss any episodes, subscribe to Monster Under the Bed on your phone’s podcast app. You can do it in iTunes, Acast and many other podcast platforms as well.Let us know if you can think of a monster we should expose on future episodes. Get in touch on Twitter @AllarTankler. If you’ve got something to say about education in particular, let me know @EIBMatt. Hosted on Acast. See acast.com/privacy for more information.

Here’s why you should be even more scared of cybercrime and the rising cost of cybercrime preventionYou probably think that if you have the latest software on your computer and a strong IT department at work, you’re more or less safe from cyberattacks. Boy, are you wrong.This myth is costing businesses a lot of money and causing people a lot of harm in lost data and privacy. You definitely should not rely only on software updates or the IT department to protect you from hackers. This episode of the Monster Under the Bed podcast lays out exactly what you need to do to stay as safe as possible.In this episode you’ll find out:·        Why each one of us must take responsibility for cybersecurity·        Why an IT department can’t prevent hacking all the time·        Why cybercrime is getting worse and what are the projected losses. (One of our experts calls it “a shadow industry that is really spending time trying to defraud people.”)·        How adults and children can arm themselves for cyberattacks·        What a 10-year-old does when his computer is hackedAt the European Investment Bank, the EU bank, we have all kinds of experts, including the cybercrime specialists in this episode. They challenge our assumptions, notions and prejudices about anything from climate to cybercrime and from healthcare to urbanisation.The Monster Under the Bed podcast examines these myths. In each episode, we fight one imaginary monster under the bed and win the battle for a more sensible way of doing things.So that you don’t miss any episodes, subscribe to Monster Under the Bed on your phone’s podcast app. You can do it in iTunes, Acast and many other podcast platforms as well.Let us know if you can think of a monster we should expose on future episodes. Get in touch on Twitter @AllarTankler. If you’ve got something to say about cybercrime in particular, let me know @EIBChris. Hosted on Acast. See acast.com/privacy for more information.

Forget the dystopian images of overcrowded, polluting cities. When urban life is well-planned and well-managed it’s better for the environment than country living.We all know the dystopian image of city life—smog, roads jammed with traffic, high prices and noise. Listen to this installment of our myth-busting show to find out:·        Where did cities come from? What were the instincts that first drove us to live close together? And are these reasons still valid today?·        Where did cities mess up? (Where did the dystopian image of cities as places with a low quality of life come from?)·        What is mixed planning and is it an entirely good thing? (No mixed reviews at all!)·        How country living is expensive for society and creates social isolation.·        Why urban sprawl is the real monster we should fear—not life in well-planned, well-managed, compact towns.·        And how deserting the countryside can actually be a boon for nature.At the European Investment Bank, we have all kinds of experts who can challenge the assumptions, notions and prejudices we all have about anything from climate to cybercrime, and from healthcare to education.On this episode, our guests are Brendan McDonagh from the European Investment Advisory Hub, a partnership between the EIB and the European Commission, EIB’s senior urban development specialist Grzegorz Gajda, and Stefanie Lindenberg, coordinator for the Natural Capital Finance Facility at the EIB – and some random people we approached in Luxembourg to find out how they feel about living in the city, or whether they’d rather be anywhere else.All throughout the episodes we’ll be tackling those myths and fears to identify people and projects that are taking a more rational approach—which is good for our economy and our society.Talking of rational, it makes sense to subscribe to Monster Under the Bed on your phone’s podcast app. This way you won’t miss any episodes. We’re also very grateful if you rate and review us – that helps others find the podcast. And you can suggest myths to bust and monsters to slay by tagging me on Twitter – I’m @AllarTankler. Hosted on Acast. See acast.com/privacy for more information.