Green Finance in Austria

About Green Finance

Who will finance climate protection and the energy transition? How can private capital be successfully channeled towards green projects so we secure a sustainable future? How can this help us achieve our Paris Climate Agreement goals? Green finance can provide answers.

Green Finance Alliance

members of the Green Finance Alliance at the launch event

Pioneers for climate action

By establishing the Green Finance Alliance, the Ministry for Climate Action has launched an initiative that supports financial companies on their pathways towards climate neutrality. Thereby, Austria is taking an important step towards the implementation of the climate mitigation objectives for firms from the financial sector as defined in the Paris Agreement. The Green Finance Alliance is among the first global government backed initiatives which calls on financial companies to voluntarily commit to the Paris climate targets and thereby also to specific criteria for their core business.

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Green Financial Literacy

books

Sharing knowledge

The activities of the Ministry for Climate Action in the area of green financial education expand existing education and training programs in the financial sector to include climate-related topics. The programs are tailored towards a variety of target groups – from experts to schools, universities and universities of applied sciences, as well as municipalities and private investors.

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Green Finance

Small plant in a jar with coins

The transition path from fossil fuels towards efficient, renewable energy sources requires high levels of investments. Along with public funds, private capital must be channeled increasingly into climate-friendly activities. Therefore, the financial sector plays an important role in meeting both the Austrian- as well as Paris climate targets. Green investments are an important lever for climate mitigation, green economic growth, and a sustainable economy.

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