Investment appraisal for the Next Generation EU
Webinar on 22-23-24 September 2021


Public spending efficiency and effectiveness ensuring good value for money is increasingly important in the post-COVID era. With the combination of the 2021-2027 Multiannual Financial Framework and Next Generation EU, there is an extraordinary commitment of resources from the European Union towards the recovery and the building of a greener, more digital and resilient EU. A fiscal effort of this size provides an unprecedented availability of financing opportunities but also calls for sound national frameworks and methods for the prioritisation, appraisal and selection of investments.

This 3-afternoon online webinar (22-23-24 September 2021) will provide an opportunity to dig into some of the most recent developments in the use of Cost-Benefit Analysis (CBA) and project appraisal in public financial management. The workshop is an occasion to keep pace with the latest trends and advances in the CBA area from a European perspective. It will present good practices and advances both at the European and national level. Practical sessions on real cases will present how to estimate key benefits of investment sectors deemed relevant in the post-COVID era: healthcare, energy efficiency, RDI, digitalisation.

The webinar targets professionals and practitioners who have a good knowledge of project appraisal and cost-benefit analysis and are involved in the preparation and assessment of investment projects in the EU policy framework at different levels of governance, staff of financial institutions and consultants. It may also be beneficial to researchers and practitioners who are willing to keep updated with CBA advances.

The initiative is organised by CSIL, Centre for Industrial Studies, in collaboration with the Society for Benefit Analysis (SBCA) and the Department of Economics, Management and Quantitative Methods of the University of Milan.


22 September

14:00 - 14:15
Welcome and introduction
Massimo Florio, University of Milan and Henrik Andersson, SBCA
14:15 - 14:30
Investment priorities in the Next-Generation EU:
introduction to the workshop
Chiara Pancotti, CSIL
14:30 - 15:15
The Cohesion Policy experience and the new Economic Appraisal Vademecum
Witold Willak, DG Regional and Urban Policy, European Commission and Davide Sartori, European Investment Bank
15:15 - 15:45
The role of CBA in assessing CEF energy transmission & renewable projects
Julien Bollati, European Climate, Infrastructure and Environment Executive Agency, European Commission 
15:45- 16:00
Q&A session
16:00 - 16:15
Virtual Coffee Break
16:15 - 16:40
The national CBA methodological framework in Lithuania
Linas Jasiukevičius, Lithuania, Central Project Management Agency
16:40 - 17:05
The role of CBA in public decision-making in France
Jincheng Ni, France Stratégie
17:05 - 17:30
The use of CBA in the evaluation process of investments in Slovakia
Martin Kmetko, Value for Money Division, Slovak Ministry of Finance
17:30 - 17:45
Q&A session

23 September

14:00 - 14:15
Welcome and introduction
Chiara Pancotti, CSIL
14:15 - 14:45
The COVID-19 impact on the Social Discount Rate estimates in EU countries
Gelsomina Catalano, CSIL and University of Milan
14:45 -15:30
Investing in a healthier Europe: how to value mortality risk reduction
Case history: Pricing the global health risks of the COVID-19 pandemic
Prof. W. KiP Viscusi, Vanderbilt University Law School
15:30 - 15:45
Q&A session
15:45 - 16:00
Virtual Coffee Break
16:00 -16:45
Investing in a greener Europe: how to value energy efficiency investments
Isidoro Tapia and Francesco Angelini, 
European Investment Bank /JASPERS
16:45 - 17:30
Investing in digital projects: how to value ICT investments
Case history: the e-schools project in Croatia (REGIOSTARS 2020 award) and the use of Policy Led Multicriteria Analysis in the options analysis
Davide Sartori and Teresa Calvete, European Investment Bank
Juraj Bilić, Croatian Academic and Research Network - CARNET
17:30 - 17:45
Q&A session

24 September

14:00 - 14:15
Welcome and introduction
Massimo Florio, University of Milan
14:15- 15:00
The value of open data: the case of OpenAIRE 
Phoebe Koundouri, Athens University of Economics and Business
15:00 - 15:30
Tracking innovation pathways from publications to patents: the case of ALBA
Gelsomina Catalano, CSIL and University of Milan
15:30 - 15:45
Q&A session
15:45 - 16:00
Virtual Coffee Break
16:00 - 16:30
The value of public procurement: evidence from physics and space research
Francesco Giffoni, CSIL and University of Milan
16:30 - 17:15
The value of scientific knowledge: the case of Cosmo Skymed 
Valentina Morretta, University of Milan
17:15 - 17:30
Q&A session
17:30 - 17:45
Concluding remarks
Silvia Vignetti, CSIL


Price for registration: 200 euro per day or 500 euro for three days (plus VAT, if due).


Upon registration and payment, participants will receive an invoice and the link to access the webinar.

We recommend connecting 15 minutes before to ensure a smooth webinar start and solve any technical issues with our support staff.


For cancellations until 15 days before the webinar start date, we will refund the total fee. For cancellations until 10 days before the webinar, we will refund 80% of the fee. For cancellations until the day before the webinar, we will refund 30% of the fee. Not cancelled reservations and no shows will be not refunded (no show bill). All cancellations need to be in writing.


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