climate change

BaFin is shifting emphasis more towards physical climate risk in its 2025 supervisory priorities. Natural disasters such as fires or floods are increasingly jeopardising banks and insurers.

According to a study by the Bundesbank, Germany's climate policy goals are not achievable under the current conditions. Does the CO2 price need to rise even further? And what impact does that have on the economy?

With the new funding instrument of climate protection contracts, the state is also taking on financial risks that are currently difficult to assess.