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Financing the transition to greenhouse gas neutrality - how much and with which instruments?

· Joachim Nagel, President of the Deutsche Bundesbank (Germany)

Summary written by Dark Majestic in its own words · topics: payments, digital money and crypto-assets, climate, energy and nature, growth, investment and productivity

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· Joachim Nagel Wiki · Deutsche Bundesbank WikiFinancing the transition to greenhouse gas neutrality - how much and with which instruments?

ContextRemarks at the University of Glasgow's Adam Smith Business School; the Bundesbank is Germany's central bank within the euro system and studies how to finance the move to climate neutrality.

Why it mattersThe Bundesbank estimates Germany's green investment needs at about 390 billion euros a year.

Problems raised
  1. The green transition needs huge investment.
  2. Germany needs about €390 billion a year.
  3. Public money is not enough.
Solutions proposed
  1. Estimate investment needs carefully.
  2. Mobilise private finance.
  3. Use suitable financial instruments.
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