Suche
Mein Konto
Climate protection in danger: Billions are missing for the green transformation!
Researchers at a university are developing financing solutions for climate-friendly investments and closing major financing gaps.
Climate protection in danger: Billions are missing for the green transformation!
Researchers at the University of Witten/Herdecke and the Institute for Ecological Economic Research have published alarming results on the financial resources required to achieve climate goals in Germany. According to a current study, the annual investment requirement is between 60 and 100 billion euros. This gigantic sum is necessary to make the ecological conversion successful and to close the financing gap.
The study, presented in the Policy Brief “Financing the Green Transformation,” highlights that much of the world’s capital continues to flow into climate-damaging activities. The editors emphasize that financing the ecological transition is crucial to achieving global climate goals.
Strategies to close the financing gap
The researchers have formulated three central recommendations for politicians that should be incorporated into decision-making processes:
- Stärkung der Bankfähigkeit grüner Investitionen.
- Aktive Reduzierung der Finanzierung fossiler und emissionsintensiver Aktivitäten.
- Bereitstellung öffentlicher Mittel für grüne Aktivitäten mit geringer oder keiner Rendite.
These measures are necessary because, according to the Climate Policy Initiative, there is a global shortfall of around seven trillion US dollars each year to achieve climate goals. An additional problem is that the bankability of green projects is often underestimated, while climate-damaging projects are still considered profitable.
Regulation and mobilization of public funds
A key aspect of the proposed policy measures includes the regulation of shadow banking and the idea of an EU climate fund. Scientists are also calling for the introduction of a “Green Golden Rule” to specifically mobilize public funds. These proposals require an inclusive policy mix that combines financial policy with other policy areas.
The recently published document not only provides insights into the urgent need for financial investment, but also highlights the importance of a consistent set of measures for the green transformation. The results are a clear call for those responsible to take the necessary steps to close the funding gap and ensure a sustainable future. For more details on the research and recommendations, please visit vegconomist.de or download the full report from foes.de down.