Climate Change Financial Forum | Umweltbundesamt

Background and Goals

To mark the second climate research summit, in October 2007 the BMBF joined with representatives from the German financial and insurance industry to set up the "Climate Change Financial Forum" as a central research and discussion platform to provide effective support for the federal government's climate policy. The forum is designed to develop and implement research initiatives. The members of the "Climate Change Financial Forum"are leading financial service providers.

Objectives:

As a central research and discussion platform on climate policy, the "Climate Change Financial Forum" is part of the federal government's high-tech strategy and is tasked with mobilising the financial market and its stakeholders on climate protection and adaptation strategies, providing information to customer sectors and promoting integration of climate-related knowledge into financial services.

The overriding shared objective of the initiative is to make a genuine contribution to developing an efficient and effective climate protection and adaptation strategy, which will benefit Germany as an economic location. The objectives are therefore:

• Speeding up the development of technological potential for climate protection and adaptation, thus increasing the economic opportunities;
• Networking existing scientific, technical and economic expertise more effectively to strengthen knowledge transfer and sharing;
• Optimising the cost/benefit ratio for climate protection and adaptation strategies;
• Making better use of export opportunities and ensuring that Germany plays a relevant contribution in meeting international challenges, especially for regions particularly impacted by climate change in emerging and developing countries.

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