UNEP is working to create the climate challenge policy and economic framework whereby low carbon technologies can increasingly meet the global climate challenge. The UNEP approach to sustainable banking is based on the need to enhance the linkages between environmental sustainability and economic decision-making which is emerging as a key nexus for public policymaking and market development.
Changing attitudes and helping mainstream financiers to consider climate-related and sustainable energy investments are key components of this work and were the starting point for the UNEP Sustainable Energy Finance Initiative (SEFI). SEFI is being integrated into the mission and programme of the Frankfurt School - UNEP Collaborating Centre.
The Federal Ministry is a key partner for the Frankfurt School – UNEP Centre for Climate and Sustainable Energy Finance. The Ministry’s principal functions include: Fundamental environmental policy issues, international cooperation in environmental policy, informing and educating the public about environmental issues.
Climate protection and energy and the related national and international level policy frameworks have become key topics in the Ministry’s work. Germany is a driving force behind the international climate protection process. It is leading the way with ambitious emission reduction targets at the national level: it will reduce its emissions by 40% by 2020 as compared with 1990, irrespective of the efforts undertaken by other states. This makes sense for economic as well as climate policy reasons.
Since the beginning of 2008 BMU has made available up to 400 million euro from the sale of emissions allowances for a Climate Initiative. The Climate Initiative consists of national and international measures. The goal is to tap existing major potential for reducing emissions in a cost-effective way and on a large scale. We are, in a number of projects, cooperating closely with BMU.