Green state minister wants Frankfurt to become “Green Finance Hub”
Hesse’s Green economy minister Tarek al-Wazir wants Germany’s financial capital Frankfurt to become a “Green Finance Hub” for “all of Europe”, Falk Heunemann writes in Frankfurter Allgemeine Zeitung (FAZ). The state’s green-conservative coalition agreement already called “green finance” - a business with allegedly three trillion US Dollars of annual investments into sustainable projects - a “historic opportunity” for Frankfurt, Heunemann writes. But financial investors doubt whether it is still the state’s task to fund green investments. “That’s been our core business for some time now,” Heunemann quotes a representative of insurer Allianz.