“German major banks merely extras”
It is “surprising” that major German banks did so little to finance renewable energy internationally while the country was a driver of the global energy transition, Dirk Messner, Director of the German Development Institute (DIE) told Christian Schaudwet for bizz energy. G20 states agreed at the July summit in Hamburg on a Climate and Energy Action Plan for Growth, which emphasised the need for private capital for climate protection. It was “unlikely” that the German banking sector would commit much beyond the state development bank, writes Schaudwet.
Read the article in German here.
For background on the G20 summit, read the CLEW dossier G20 2017 - Climate and energy at the Hamburg summit.