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Energy turnaround: Less ideology and more efficiency required
Claus Döring takes a look at the plans from Berlin and Brussels on Green Finance. Döring writes: “A great climate law does not yet exist, but at least the federal government has let known that it wants to make Germany a leading sustainable finance location. Döring concludes: “… it is not the job of politicians to channel investor money par ordre de mufti into supposedly sustainable investments” and concludes: “Instead of worrying about the right taxonomy and interfering in the allocation function of the market, politicians in Berlin and Brussels should focus better on proven, market-conform and ideology-free products such as emissions trading. In view of the modest results of the so-called energy turnaround, we can only agree.