Climate action German Sustainable Finance Strategy
The federal cabinet adopted the first German Sustainable Finance Strategy on 5 May 2021. The goal of the strategy is to mobilise investments that are urgently needed for climate action and sustainability while also addressing the climate risks that are increasingly relevant to the financial system.
The Covid-19 crisis constitutes one of the biggest challenges in the history of the European Union and the Federal Republic of Germany in terms of its impact on health, society and the economy. The European Union has taken robust action in response to the crisis during Germany’s EU Council Presidency. With the recovery instrument “Next Generation EU“, which amounts to €750 billion, and its …