Austria's financial market: Climate goals require new investments!
Austria's financial market: Climate goals require new investments!
Österreich - On June 6, 2025, a comprehensive analysis of the Austrian financial market was presented, which evaluates the progress and challenges in achieving national and European climate goals. According to the reports of
The main causes of the financed emissions in securities portfolios are industrial production, while the pension sector dominates in the credit area. This analysis is based on three modules: CO2 exposure to Austrian funds, the status of climate-drawn strategies of credit institutions and the analysis of the emissions financed by banks and funds.
European climate goals and their implementation
As part of the EU strategy for reducing CO2 emissions, Europe formulated ambitious goals. The proportion of renewable energies in the final energy consumption of the EU is to be increased to 42.5 percent by 2030, supported by initiatives for faster approval of renewable power plants. MPs also check the promotion of renewable hydrogen and offshore energy sources.
The EU has also set itself the goal of becoming the first greenhouse gas -neutral continent by 2050. At the moment, over 20 percent of the energy consumed in the EU comes from renewable sources. The transition from fossil fuels is supported by the gradual setting of EU financing for natural gas infrastructure projects.
global and national climate strategies
In the global context, 197 states, including the EU and Germany, were able to reach an agreement to limit global warming to "significantly below" 2 degrees Celsius at the UN climate conference in Paris in 2015. The Convention of Paris is considered one of the greatest achievements in international climate policy. The EU has set the goal of reducing greenhouse gas emissions by 55 percent compared to 1990, which requires a significant increase in annual emission reductions.
In order to achieve the ambitious climate goals, comprehensive measures are required. The average annual decline in emissions must be almost tripled to implement the target of 55 % by 2030. In addition, for a total reduction of 95 % in 2050, a drastic increase in the annual emission savings must take place.
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