威力彩玩法

The new advisory council on sustainable finance established by Germany鈥檚 government has held its first meeting to debate how the country鈥檚 financial sector can better contribute to climate action and other sustainable development goals. Germany鈥檚 environment ministry (BMU) and finance ministry (BMF) jointly appointed the council that consists of representatives from the financial sector, industry, civil society groups and scientists. J枚rg Kukies, state secretary in the finance ministry, a better risk assessment regarding environmental and climate risks when issuing credits or insurances was in the own interest of financial market actors. 鈥淭his belief is not only held by the finance ministry and regulators, but also by the finance industry itself,鈥� Kukies said. 聽
Christoph Bals, who represents NGO Germanwatch in the council, said a new framework for financial markets was an important supplement to measures like the planned Climate Action Law or a carbon price. 鈥淭his is the only way financial markets can create positive leverage for climate action and human rights,鈥� Bahls said. Matthias Kopp of environmental NGO WWF said that the government had to come up with a clear strategy for sustainable finance before the end of the year. He argued that Germany must play a much more active role in EU initiatives like the action plan on sustainable finance and had to steer the so-far largely 鈥渁imless鈥� domestic debate about green and sustainable finance in the right direction.

The finance sector as a lever for change in climate policy has increasingly come into the focus of policymakers, with Chancellor Angela Merkel and environment minister Svenja Schulze both calling for greater consideration of climate risks in the sector in recent weeks. However, sustainable finance researcher Christian Klein told 威力彩玩法 in an interview that despite all progressive rhetoric, financial markets currently still seem to bet that international climate agreements will not be honoured.