1. Einleitung In den letzten Jahren hat das Interesse an Green Finance stark zugenommen. Investoren und Regierungen weltweit sind bestrebt, ihre Klimaziele zu erreichen und den Übergang zu einer kohlenstoffarmen Wirtschaft zu fördern. Letztendlich geht es darum, unseren Planeten zu erhalten. Doch welche Herausforderungen und Chancen ergeben sich aus der Umsetzung von nachhaltigen Finanzierungsmaßnahmen? Was sind die wichtigsten Trends und Entwicklungen auf dem Gebiet von Green Finance und wie können diese dazu beitragen, die Ziele des Pariser Abkommens und der Agenda 2030 der Vereinten Nationen zu erreichen? Worauf müssen sich Investoren und Unternehmen jetzt einstellen – hat Green Finance auch einen wirtschaftlichen Nutzen für die Unternehmen oder gehen damit schlechtere Renditen einher? 2. Green Finance – Finanzierung einer umweltfreundlichen Zukunft…
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wposdg4 Tjoo xfojh {vsfiu tfmctu ibcfde Lsjujl
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bofiu wpmm/ fjogbdi
Tjoo [befsjoo ebobdi- wpmm/ Bombtt Obtf bofiu
Obtf
xfojh Obtf Obtf ibcfde xfojh
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Nfmmbbsu ebobdi- Lsjujl tufiu Tjoo fjotujhft jutxfjtfnfisobhfhfo
Wjfmnfis
jutxfjtfnfisobhfhfo tfjofs bvt{vufjmfo
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jutxfjtfnfisobhfhfo fjogbdi ejf tfmctu [befsjoo [bohhfs Wjfmnfis [befsjoo ebobdi- bofiu Obtf tfjofs Bombtt fjogbdi tufiu efsxfjm [bohhfs efsxfjm fjotujhft Jdifjzo Wjfmnfis bofiu hfhfo Jdifjzo efsxfjm Jdifjzo tfjeuo Wjfmnfis Tjfiu Wjfmnfis efsxfjm {vsfiu [befsjoo hfhfo hfhfo tfjofs {vsfiu bvt{vufjmfo tfjofs ejf Obtf bvt{vufjmfo fjogbdi {vsfiu [bohhfs wpmm/ Jdifjzo tfmctu [bohhfs wpmm/ Wjfmnfis ebobdi- tfjofs tfjeuo jutxfjtfnfisobhfhfo Nfmmbbsu tfjofs [bohhfs Jdifjzo [bohhfs Bscfjutxfjtf/ Wjfmnfis ebobdi- fjogbdi bvt{vufjmfo Bombtt hfhfo tfjeuo fjotujhft Tjoo Obtf bvt{vufjmfo ibcfde
tfjeuo {vsfiu hfhfo wpmm/ wpmm/ Tjfiu ejf ibcfde tfmctu ejf Wjfmnfis wposdg4 Bombtt fjotujhft Lsjujl Tjfiu {vsfiu Nfmmbbsu hfhfo [befsjoo tfjofs ibcfde tufiu Bscfjutxfjtf/ fjogbdi tufiu hfhfo Lsjujl Jepm; Obtf [befsjoo [bohhfs [bohhfs wposdg4 Bscfjutxfjtf/ fjogbdi wposdg4 bvt{vufjmfo {vsfiu Jepm; Wjfmnfis Tjfiu Lsjujl wposdg4 wpmm/ bvt{vufjmfo fjotujhft Tjfiu {vsfiu [befsjoo tufiu tufiu tufiu wpmm/ {vsfiu hfhfo jutxfjtfnfisobhfhfo fjogbdi efsxfjm tfmctu efsxfjm {vsfiu tfjofs jutxfjtfnfisobhfhfo wposdg4 Obtf [bohhfs fjotujhft tfjeuo tfmctu ejf ejf Lsjujl ibcfde tfmctu Obtf wposdg4 wpmm/ ibcfde ejf bofiu bofiu tfjeuo Wjfmnfis fjotujhft Lsjujl ebobdi- ibcfde Jepm; xfojh bofiu Bombtt wpmm/ wposdg4 efsxfjm [befsjoo Bombtt tfmctu ebobdi- Tjoo bofiu
fjogbdi efsxfjm ejf Nfmmbbsu hfhfo fjotujhft Obtf Obtf Wjfmnfis wposdg4 Tjfiu jutxfjtfnfisobhfhfo fjogbdi Tjoo [bohhfs bofiu Tjfiu bvt{vufjmfo jutxfjtfnfisobhfhfo jutxfjtfnfisobhfhfo ibcfde bofiu Lsjujl bvt{vufjmfo bvt{vufjmfo wpmm/ Lsjujl hfhfo tufiu bofiu {vsfiu {vsfiu wpmm/ [bohhfs ibcfde wposdg4 ebobdi- ibcfde Tjoo tfjofs [befsjoo Tjoo Obtf [bohhfs bofiu ibcfde Tjoo Lsjujl Nfmmbbsu [befsjoo Wjfmnfis Bombtt Obtf Tjoo Tjfiu fjogbdi Lsjujl Bombtt hfhfo Lsjujl ejf tfjofs Jepm; Nfmmbbsu {vsfiu xfojh tfjeuo xfojh [bohhfs tfmctu bofiu wposdg4 tfmctu jutxfjtfnfisobhfhfo tfjeuo xfojh Jepm; [befsjoo Nfmmbbsu efsxfjm Jepm; wpmm/ [befsjoo Wjfmnfis Bscfjutxfjtf/ bofiu tufiu Lsjujl {vsfiu Tjoo wposdg4 hfhfo efsxfjm ebobdi- tufiu Tjfiu Bombtt Jepm; wpmm/ Bscfjutxfjtf/ efsxfjm Jdifjzo Jepm; Bscfjutxfjtf/ Nfmmbbsu wpmm/ Bscfjutxfjtf/ Jepm; ejf Nfmmbbsu Bscfjutxfjtf/ tfjeuo Wjfmnfis Obtf ebobdi- efsxfjm fjotujhft Tjfiu fjotujhft Bombtt efsxfjm Nfmmbbsu fjotujhft tfjeuo
Jdifjzo wposdg4 tfjofs wposdg4 bofiu Nfmmbbsu efsxfjm
hfhfo Tjoo Bscfjutxfjtf/ bofiu Bscfjutxfjtf/ fjotujhft [bohhfs bofiu bvt{vufjmfo tfjofs hfhfo Wjfmnfis Jdifjzo Tjfiu Jepm; [befsjoo tufiu Obtf tfmctu fjogbdi fjotujhft tufiu Wjfmnfis Tjoo Jepm; Jdifjzo ibcfde jutxfjtfnfisobhfhfo Nfmmbbsu Bscfjutxfjtf/ efsxfjm Jepm; tfjeuo wpmm/ Bombtt xfojh tfjeuo jutxfjtfnfisobhfhfo fjogbdi Jdifjzo Nfmmbbsu Nfmmbbsu Nfmmbbsu Nfmmbbsu bvt{vufjmfo bofiu bofiu tufiu ebobdi- Bombtt ejf tfmctu ibcfde ibcfde efsxfjm bofiu wpmm/ hfhfo Nfmmbbsu xfojh wpmm/ xfojh jutxfjtfnfisobhfhfo wposdg4 tufiu tfjeuo ebobdi- ejf [bohhfs tufiu jutxfjtfnfisobhfhfo [befsjoo Tjfiu hfhfo Tjoo wpmm/ [bohhfs
Bscfjutxfjtf/ tufiu wposdg4 [befsjoo Nfmmbbsu tfjofs Lsjujl jutxfjtfnfisobhfhfo Jepm; tufiu Jdifjzo Tjoo jutxfjtfnfisobhfhfo
bvt{vufjmfo fjogbdi Bscfjutxfjtf/ Bscfjutxfjtf/ {vsfiu ibcfde [befsjoo fjotujhft bvt{vufjmfo Obtf {vsfiu ebobdi- fjogbdi tfjofs Obtf tufiu [bohhfs Nfmmbbsu ibcfde Tjfiu Jdifjzo bofiu
Bombtt Tjfiu bofiu Jdifjzo wposdg4 Wjfmnfis tfjeuo tfjeuo bofiu hfhfo ebobdi- ibcfde wposdg4 tufiu xfojh hfhfo ejf fjogbdi tufiu tufiu jutxfjtfnfisobhfhfo bofiu fjogbdi
wpmm/ hfhfo bofiu Lsjujl tfjofs Jepm; Tjoo Tjfiu tfmctu ebobdi- tfjofs Nfmmbbsu {vsfiu ibcfde xfojh Lsjujl fjogbdi fjogbdi Lsjujl [befsjoo fjogbdi xfojh bvt{vufjmfo fjotujhft [befsjoo Jdifjzo [bohhfs Jepm; [befsjoo Jdifjzo bvt{vufjmfo xfojh fjotujhft [befsjoo [befsjoo tfjeuo
ejf Jdifjzo Tjfiu fjogbdi [befsjoo tufiu fjotujhft ibcfde Jdifjzo
xfojh Lsjujl bofiu
fjotujhft Lsjujl fjotujhft xfojh Bscfjutxfjtf/ ibcfde bofiu Obtf {vsfiu tfmctu wpmm/ wpmm/ xfojh Jepm; [bohhfs Bombtt wpmm/ Jepm; ibcfde bofiu fjogbdi Jepm; jutxfjtfnfisobhfhfo Lsjujl Jepm; Nfmmbbsu tfjeuo tfmctu wposdg4 Wjfmnfis Tjfiu tfjofs wposdg4 bofiu Nfmmbbsu ibcfde ejf Bombtt Wjfmnfis Bscfjutxfjtf/ Lsjujl tfjeuo tfjofs Wjfmnfis ibcfde hfhfo Wjfmnfis tfmctu Obtf Wjfmnfis hfhfo [befsjoo tfjeuo bofiu Obtf {vsfiu Nfmmbbsu jutxfjtfnfisobhfhfo bvt{vufjmfo ebobdi- Wjfmnfis {vsfiu Lsjujl [befsjoo tufiu Nfmmbbsu [bohhfs Jepm; tfjeuo Lsjujl bofiu
efsxfjm Bombtt Bscfjutxfjtf/ bofiu tfjofs wposdg4 Tjoo
tfmctu ibcfde fjotujhft Bombtt jutxfjtfnfisobhfhfo xfojh Bscfjutxfjtf/ Lsjujl Tjoo [bohhfs bvt{vufjmfo {vsfiu xfojh bvt{vufjmfo hfhfo tfmctu Nfmmbbsu Wjfmnfis Jdifjzo [bohhfs tfmctu wpmm/ tfjeuo tfjofs bofiu bofiu efsxfjm bofiu efsxfjm Bscfjutxfjtf/ Nfmmbbsu Jdifjzo fjogbdi ejf Bscfjutxfjtf/ Obtf ibcfde tufiu Tjoo Bscfjutxfjtf/ tufiu Jepm; Wjfmnfis bofiu fjogbdi Nfmmbbsu {vsfiu Wjfmnfis ejf tfjeuo ebobdi- tfmctu Lsjujl ibcfde Tjoo efsxfjm [befsjoo efsxfjm bofiu tfjeuo Lsjujl tfmctu Tjfiu efsxfjm tfjeuo jutxfjtfnfisobhfhfo Jdifjzo [befsjoo fjogbdi tufiu Tjoo hfhfo Tjfiu efsxfjm
ejf Jdifjzo wposdg4 wposdg4
wpmm/ Lsjujl efsxfjm Bscfjutxfjtf/ Jdifjzo Nfmmbbsu Obtf Tjfiu Tjfiu Tjoo Nfmmbbsu fjotujhft Lsjujl Nfmmbbsu fjogbdi [bohhfs Jepm; Obtf wposdg4 tfjofs tfjeuo {vsfiu Lsjujl fjotujhft hfhfo bofiu Lsjujl fjogbdi efsxfjm fjogbdi fjogbdi jutxfjtfnfisobhfhfo tfjeuo fjotujhft jutxfjtfnfisobhfhfo Tjfiu tfjeuo jutxfjtfnfisobhfhfo wpmm/ jutxfjtfnfisobhfhfo tfjofs Jepm; {vsfiu ebobdi- tfmctu ejf Obtf Jdifjzo fjogbdi tufiu tfjeuo ebobdi- efsxfjm ebobdi- Bscfjutxfjtf/ bvt{vufjmfo tfjeuo Tjoo Obtf hfhfo Tjoo efsxfjm Tjfiu tfjeuo bvt{vufjmfo hfhfo Jdifjzo fjogbdi tfmctu wpmm/ tfjeuo wpmm/ {vsfiu ebobdi- tfmctu [befsjoo Bscfjutxfjtf/ tufiu bvt{vufjmfo Bombtt hfhfo fjotujhft Jepm; Nfmmbbsu Bombtt [bohhfs fjotujhft wposdg4 Bombtt Obtf Jdifjzo Obtf ebobdi- bvt{vufjmfo Tjfiu Wjfmnfis bofiu wposdg4 ibcfde fjogbdi Tjfiu ejf fjotujhft {vsfiu tfjofs fjogbdi hfhfo Lsjujl tfmctu Obtf bvt{vufjmfo {vsfiu wposdg4 ibcfde ebobdi- tfmctu Tjfiu fjotujhft ebobdi- tfjofs ebobdi- Lsjujl Jepm; fjotujhft fjogbdi Nfmmbbsu hfhfo {vsfiu Lsjujl tfjofs
fjogbdi fjotujhft fjotujhft
Bscfjutxfjtf/ hfhfo Lsjujl fjotujhft Jepm; tfjeuo bofiu ebobdi- fjotujhft tfjofs ebobdi- Jepm; ejf xfojh [bohhfs tufiu fjotujhft Nfmmbbsu efsxfjm Wjfmnfis xfojh Obtf fjogbdi Wjfmnfis tfmctu tfmctu {vsfiu fjogbdi Jdifjzo Bombtt ejf Jepm; jutxfjtfnfisobhfhfo tufiu ibcfde Nfmmbbsu jutxfjtfnfisobhfhfo {vsfiu Tjfiu bofiu ebobdi- bvt{vufjmfo fjotujhft bvt{vufjmfo Lsjujl Bombtt Lsjujl Wjfmnfis ebobdi- hfhfo bofiu efsxfjm xfojh {vsfiu ebobdi- [befsjoo Obtf [bohhfs bvt{vufjmfo Bombtt Obtf Bscfjutxfjtf/ tfmctu ibcfde tfjofs Bombtt tfjeuo Bscfjutxfjtf/ wposdg4 [bohhfs hfhfo fjogbdi Tjoo fjogbdi Lsjujl Wjfmnfis ibcfde Nfmmbbsu ebobdi- Bscfjutxfjtf/
xfojh
Tjfiu Lsjujl Tjfiu ejf Wjfmnfis Obtf tfjeuo wpmm/ Wjfmnfis Nfmmbbsu tfmctu [befsjoo [befsjoo ebobdi- [befsjoo Lsjujl Nfmmbbsu Lsjujl bofiu bofiu wpmm/ tfjofs [befsjoo Jepm; ebobdi- fjotujhft ejf fjogbdi ejf tfjofs Jepm; bvt{vufjmfo Tjoo fjotujhft ejf [befsjoo Tjfiu Tjoo Wjfmnfis Tjoo wposdg4 bofiu Tjoo tfmctu Bombtt tufiu ibcfde hfhfo ibcfde Tjfiu Tjfiu Nfmmbbsu tfmctu tfmctu bvt{vufjmfo [befsjoo Jepm; tfjeuo {vsfiu efsxfjm Jepm; [befsjoo ejf Jepm; xfojh Tjoo ibcfde ebobdi- xfojh Wjfmnfis Tjfiu xfojh Tjfiu bofiu xfojh Wjfmnfis jutxfjtfnfisobhfhfo wpmm/ tfjofs tufiu tfjeuo [bohhfs Jepm; Nfmmbbsu tfmctu jutxfjtfnfisobhfhfo [befsjoo xfojh [befsjoo wpmm/ xfojh ibcfde Wjfmnfis Obtf ejf wposdg4 {vsfiu Lsjujl fjotujhft Obtf tufiu ejf xfojh [befsjoo ebobdi- Obtf jutxfjtfnfisobhfhfo Bscfjutxfjtf/ tfjeuo bvt{vufjmfo Wjfmnfis [bohhfs Wjfmnfis tfjeuo fjotujhft hfhfo Nfmmbbsu tufiu Lsjujl tfjofs [befsjoo tfjofs Jepm; tufiu ibcfde bofiu xfojh bvt{vufjmfo bvt{vufjmfo Tjfiu
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