Blueprint: PIMCO’s Trausch warns of looming ‘tsunami’ of debt, AXA’s Scemama takes on the ESG critics, the ECB strikes note of calm on banks’ CRE exposure

PIMCO’s Francois Trausch warns of a funding gap if rates do not come down amid a looming tsunami of refinancing; AXA IM Alts' Isabelle Scemama speaks out against the ESG pushback as the firm prioritizes returns amid efforts to decarbonize its global property portfolio; the ECB offers a note of calm on banks' exposure to real estate; and more in today’s special edition briefing from the PERE Network Decarb Forum and PERE Network Europe Forum, exclusively for our valued subscribers.