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Not only cities and municipalities, but also the real estate industry are driving the market for green bonds in Sweden, making the country a pioneer in sustainable finance. However, there are still no binding standards.

China is following ambitious green finance plans – also for its investments overseas. But some standards are too low and should be tightened. So far, coal investments have also been considered green if the projects are "cleaner".

In regards to the informal summit of the European Council in Sibiu, Romania, on 9th of May and the European elections, a major European alliance of cities, regions, businesses, civil society organizations, sports and youth associations urge the EU decision makers to take decisive action to respond to the climate emergency. Germanwatch supports the Climate Action Call.

The plaintiff Saúl Luciano Lliuya and his family need a lot of patience in this worldwide-perceived lawsuit. After the court's decision to enter into the evidentiary stage, it had taken a long time until the official experts for the taking of evidence could be determined. This was partly due to objections by RWE‘s lawyers, which were rejected by the court.
Now even more time is needed to realize a recent court-appointed on-site visit to Peru/Huaraz.

For Canada, the concept of a sustainable finance is still relatively new. But its importance is growing steadily and can become a model of success for the country.

Already in 2015, France adopted a law on climate risk disclosure paving the way for protecting economic systems from the consequences of climate change. But others need to follow.

The role sustainable lifestyles can play in achieving a paradigm shift to sustainability is acknowledged in both the Sustainable Development Goals and the Paris Agreement of 2015. They can be defined as “responsible living with our total surrounding and ourselves”, thus including aspects like global equity (see previous blogpost). Nevertheless, the vast majority of scientific literature focuses on ecological sustainability.

The small country in the heart of Europe portraits itself as a leader in "sustainable finance". Already in 2007, the first green bonds were issued and now there is also a "green" stock exchange. However, demand and reality do not coincide enough.

The so called rulebook agreed at the Climate Summit in Katowice, Poland (COP24) in December 2018 provides a solid technical basis for the global implementation of the Paris Climate Convention. To avert the climate crisis, however, it is essential that all states show significantly more political will to implement the agreement swiftly. In this follow-up paper, we present the most important decisions, above all on the elements of the implementation guidelines and - where relevant - the political compromises between the states on them. We also analyse where we consider the rules to be robust enough - and where not.

The year 2019 will be key for future climate policy in Germany and Europe. Finance plays a key role in improving climate protection and sustainable growth.
To this end, Germany should learn from pioneering countries for “Green Finance”. In the seven articles in our series, international authors will therefore explain their country's approach towards a green financial system, addressing opportunities, hurdles and unanswered questions.