Karsten Wenzlaff

NGFS Releases its First Short Term Climate Scenarios 09.05.2025 - Investoren Plattform News: Impact The Network of Central Banks and Supervisors for Greening the Financial System (NGFS), announced today the launch of its first set of short-term scenarios, aimed at enabling central banks and financial sector supervisors to analyze the near-term impact of climate change and climate-related policies on the stability and resilience of economies and financial systems. The […] und mehr als 11.900 weitere Artikel finden Sie unter: https://lnkd.in/ewJuFEcH

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🌫️ 𝗜𝗻𝘃𝗶𝘀𝗶𝗯𝗹𝗲 𝗜𝗺𝗽𝗮𝗰𝘁𝘀 𝗼𝗳 𝗠𝗶𝗰𝗿𝗼𝗰𝗿𝗲𝗱𝗶𝘁 𝗙𝗶𝗻𝗮𝗻𝗰𝗶𝗻𝗴: 𝗢𝗯𝘀𝗰𝘂𝗿𝗶𝗻𝗴 𝗘𝗳𝗳𝗲𝗰𝘁𝘀 𝗼𝗳 𝗜𝗺𝗽𝗮𝗰𝘁 𝗔𝘀𝘀𝗲𝘀𝘀𝗺𝗲𝗻𝘁 🦯 The German investment magazine ECOreporter.de AG frequently certifies microfinance funds like the I-AM Vision Microfinance Fund as having a "high social impact". This creates trust – both among potential investors and the general public. 🤔 But what does that actually mean? And do we learn anything about the actual impact of lending at the level of microcredit recipients? 🔎 The fund test states: "IAM Vision Microfinance finances microloans for approximately 230,000 people seeking to lift themselves out of poverty as small entrepreneurs. 76% of them are women." (Source: https://lnkd.in/eB7Vdfnh) 💡 So: ECOreporter defines "high social impact" based on two things: 🅰️ A large number of microloans are provided to small-scale entrepreneurs 🅱️ A significant proportion of borrowers are women ❓But: Is simply granting a microloan to a woman or someone seeking to escape poverty already proof of social impact? What would be crucial to know is this: Do they actually succeed in improving their lives through the use of the loan? ❗The fund test tells us nothing about that. It evaluates social impact only at the level of output (see graphic) – meaning how many people receive a loan – but not based on the actual effects on the borrowers, i.e., the outcome. 🦯🌫️ This kind of representation – which is common in many fund reports – creates a positive impression of social impact at first glance, without critically assessing real outcomes. This is where the "obscuring effect" lies: Every microloan is counted as a “social success” – regardless of whether it helped or harmed the borrower. 🗯️ Because microloans can have positive effects – but also negative ones, depending on factors such as: ➖ Interest rates ➖ Repayment rates relative to household income ➖ Use of the loan (productive vs. consumption or refinancing other loans) ➖ Unexpected events (illness, poor harvests, lockdowns, etc.) ➖ Repayment terms (flexible or rigid) ➖ Market saturation and competition ❓ Are there indications that the impact of microcredits at the level of end borrowers should be more closely examined? 🔎 Absolutely. Two examples: 1️⃣ Many microfinance funds invest in microfinance institutions in India and Cambodia, where credit markets are considered oversaturated and over-indebtedness among borrowers is a growing concern (sources in the comments). 2️⃣ Effective annual interest rates for microloans are extremely high – ranging from 38% (Europe, Central Asia) to 45% (Sub-Saharan Africa), with smaller lenders charging up to 48% and larger ones around 34% (source in the comments). #microfinance #impactinvesting #impactmeasurement #microcredit

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Rethinking Public & Democratic Finance: Lessons from Germany’s KFW Bank (Thomas Marois) No public bank is perfect, but some offer valuable models—like Germany’s KfW. Founded in 1948, KfW is a large, well-regarded public development bank known for aligning lending with the SDGs, supporting municipalities with incentives, and offering grants in fragile contexts like Palestine. Its inclusive governance—combining government, unions, small businesses, and co-ops—fosters transparency, accountability, and democratic dialogue. 🎥 Produced by the Municipal Services Project and the Public Banking Project in collaboration with the Transnational Institute 📚 Learn more about the chapter in the book "Public Banks and Public Water in the Global South"💧: tinyurl.com/yew29h4t #PublicBanking #KfW #DevelopmentFinance #WaterAccess #SDGs #DemocraticGovernance

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IBFI trains facilitators in the “Clim'Up” game at the Austrian Central Bank for the JVI 📖🌱 On July 24, two IBFI agents trained two senior economists from the Austrian Central Bank (OeNB) in facilitating the climate game Clim'up: climate & central banks. After an intensive training session on how to facilitate the game in the morning, these two senior economists were able to train a dozen OeNB agents (banking supervisors, macroeconomists, etc.) in English and German under the watchful eye of the IBFI. The OeNB's objective is to integrate the Clim'Up game into the program of its “Green Finance” seminar, which is organized for central bankers from Central, Eastern and Southeastern Europe, the Caucasus and Central Asia at the JVI (IMF training institute based in Vienna) in October 2025. Other foreign central banks have also requested training in how to run the game, to raise awareness among their staff of the climate change issues relevant to their main activities (monetary policy, banking supervision, etc.) in a collaborative and fun way…To be continued!

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🧩 𝐊𝐟𝐖’𝐬 𝐅𝐢𝐫𝐬𝐭 𝐁𝐥𝐨𝐜𝐤𝐜𝐡𝐚𝐢𝐧-𝐁𝐚𝐬𝐞𝐝 𝐈𝐧𝐯𝐞𝐬𝐭𝐦𝐞𝐧𝐭 𝐯𝐢𝐚 𝐒𝐖𝐈𝐀𝐓 🧩 We’re excited to share that KfW Treasury has taken a major step into digital finance with its 𝐟𝐢𝐫𝐬𝐭 𝐢𝐧𝐯𝐞𝐬𝐭𝐦𝐞𝐧𝐭 𝐢𝐧 𝐚 𝐛𝐥𝐨𝐜𝐤𝐜𝐡𝐚𝐢𝐧-𝐛𝐚𝐬𝐞𝐝 𝐜𝐨𝐯𝐞𝐫𝐞𝐝 𝐛𝐨𝐧𝐝𝐬 – an investment of €10 million into the issued security by Berlin Hyp AG under the German Electronic Securities Act (#eWpG) in August 2024. The transaction was executed using 𝐭𝐡𝐞 SWIAT 𝐛𝐥𝐨𝐜𝐤𝐜𝐡𝐚𝐢𝐧 𝐢𝐧𝐟𝐫𝐚𝐬𝐭𝐫𝐮𝐜𝐭𝐮𝐫𝐞, marking KfW’s entry into the growing 𝐒𝐖𝐈𝐀𝐓 𝐄𝐜𝐨𝐬𝐲𝐬𝐭𝐞𝐦. 🔹Transaction Overview: KfW Treasury: Investor Berlin Hyp AG: Issuer DekaBank: Custodian & Registrar SWIAT: Technology provider of regulatory-compliant Blockchain and Registry-Software 🛠️ This transaction shows how regulated financial institutions can securely operate on blockchain in real-world settings — without building new infrastructure from scratch. SWIAT is proud to power this transition, helping institutions 𝐭𝐫𝐚𝐧𝐬𝐚𝐜𝐭 𝐬𝐞𝐜𝐮𝐫𝐞𝐥𝐲, 𝐞𝐟𝐟𝐢𝐜𝐢𝐞𝐧𝐭𝐥𝐲, 𝐚𝐧𝐝 𝐰𝐢𝐭𝐡 𝐟𝐮𝐥𝐥 𝐫𝐞𝐠𝐮𝐥𝐚𝐭𝐨𝐫𝐲 𝐚𝐥𝐢𝐠𝐧𝐦𝐞𝐧𝐭. 🌐 As more players join the SWIAT Software Ecosystem, we’re enabling a capital market infrastructure where 𝐝𝐢𝐠𝐢𝐭𝐚𝐥 𝐚𝐬𝐬𝐞𝐭𝐬 𝐜𝐚𝐧 𝐬𝐜𝐚𝐥𝐞 — 𝐬𝐚𝐟𝐞𝐥𝐲, 𝐜𝐨𝐥𝐥𝐚𝐛𝐨𝐫𝐚𝐭𝐢𝐯𝐞𝐥𝐲, 𝐚𝐧𝐝 𝐬𝐞𝐚𝐦𝐥𝐞𝐬𝐬𝐥𝐲. 🔗 Link to KfW Press Release in the comments below ⬇️ SWIAT is a joint venture owned by: SC Ventures by Standard Chartered, DekaBank, LBBW, Comyno #SWIATBlockchain #DLT #DigitalAssets #DigitalEuro #DvP

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𝗣𝗼𝘀𝗶𝘁𝗶𝗼𝗻 𝗣𝗮𝗽𝗲𝗿: “𝗜𝗺𝗽𝗮𝗰𝘁 𝗜𝗻𝘃𝗲𝘀𝘁𝗶𝗻𝗴 𝗶𝗻 𝗜𝗻𝗳𝗿𝗮𝘀𝘁𝗿𝘂𝗰𝘁𝘂𝗿𝗲” We contributed to a new position paper on impact investing in infrastructure together with leading institutions under the joint initiative of Bundesverband Alternative Investments e.V. and Bundesinitiative Impact Investing (BIII). Read the paper here: https://lnkd.in/dBR4zQDh This collaborative effort explores how infrastructure is uniquely suited for impact investing, defines key components of a credible impact investment strategy, and outlines key challenges as well as potential solutions to help investors align their financial objectives with clearly defined impact goals. At SUSI Partners, we specialise in investing in less contested segments of the mid-market where we do not only fill gaps in capital availability but also actively shape investee companies, with each investment measurably contributing to global decarbonisation efforts. This is how we complement the pursuit of attractive risk-adjusted returns with intentional and measurable investor impact – delivering 𝗜𝗺𝗽𝗮𝗰𝘁𝗳𝘂𝗹 𝗥𝗲𝘁𝘂𝗿𝗻𝘀. We want to thank all authors for their contributions to this valuable resource: Lead authors: Janna Brokmann and Anna Dißmann Co-authors: Michael Bommer, Susanne Bregy, Sebastian Brinkmann, Dr. Julian Hochscherf, Eric Prüßner, Arne Rittershaus, Taoufik Saoudi, Raphaela Schmid, Christian Schütz, Barbara Treusch #Infrastructure #ImpactInvesting #AlternativeInvestments #EnergyTransition

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🚨 Leadership transition at N26 German neobank N26 is preparing to appoint an interim CEO after a recent management shakeup, according to media reports. Key updates: • Supervisory board chair Marcus Mosen has reportedly received provisional approval from BaFin to move into the management board and take up the role of interim co-CEO. • The appointment follows the news that cofounder and co-CEO Valentin Stalf is stepping down amid reported investor concerns over regulatory issues. • Stalf will later transition to the supervisory board after a cooling-off period. • Cofounder Maximilian Tayenthal remains as co-CEO of the bank’s regulated entity. N26, valued at $9B in its last funding round (2021), has faced multiple regulatory challenges in recent years, including fines, onboarding limits, and scrutiny over its Netherlands-based mortgage business Neo Hypotheken. This leadership transition marks a pivotal moment for N26 as it navigates investor pressure and regulatory oversight while continuing its mission to shape the future of digital banking. Source/More info: https://lnkd.in/gTaRpwUt Find this helpful? [ 𝗿𝗲𝗽𝗼𝘀𝘁 ] Anything to add about this subject? [𝗶𝗻𝘃𝗶𝘁𝗲𝗱 𝘁𝗼 𝗰𝗼𝗺𝗺𝗲𝗻𝘁] Nice story. Next! [ 𝗹𝗶𝗸𝗲 ]

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75% of all loans in the Eurozone are directly dependent on ecosystem services🌏, according to the Europäische Zentralbank. At the same time, banks finance projects that harm these very ecosystems. As the The World Bank phrased it: "Not acting is not an option: there are no winners under business as usual". Despite a growing web of regulatory frameworks and initiatives, such as CSRD and the TNFD, most German Banks don't treat biodiversity as a strategic priority, creating a gap between theory and implementation. For my Bachelor's thesis I interviewed five banks on current state of their biodiversity strategy to identify discrepancies and come up with plausible solutions. The main aspects I examined are: 🪴Tool-based data collection and regulation 🪴Disclosure 🪴Managing biodiversity within the corporate loan portfolio 💥The discrepancies follow a cascade-effect: As financial intermediaries, banks require biodiversity data in order to make informed descisions about their corporate loan portfolio. However, challenges such as decreased regulatory scope, complex and location-specific data hinder data collection and informed steering of the corporate loan portfolio. ✅How can the gap be bridged? Banks need to wake up, lead by example and actively engage with companies in their corporate loan portfolio to disclose according to Taskforce on Nature-related Financial Disclosures (TNFD). Back in may I also had the opportunity to present my main findings to the ING sustainability team, contributing a practical perspective to the current discussion on biodiversity and gaining insights on how proactively the bank is navigating this topic. Thank you Liesa Heidl Johanna Gloel, PhD at ING for your trust and insightful exchange and Ursula Walther Stefan Paulus for the support while supervising my thesis💪🪴 Biodiversity remains a highly relevant topic in sustainable finance, I'm always keen to connect further on this topic, share my findings and hear more practical inisghts!

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🌐 AI Policy Summit 2025 at ETH Zürich — A turning point for global AI governance. As a Public Policy Advisor at OGP Switzerland, I’ve spent years making a public impact at the intersection of democracy, technology, and transparency. But few events have sparked as many urgent reflections as the recent AI Policy Summit in Zürich. The highlight? Without question, Dex Hunter-Torricke’s keynote: “AI Governance at Global Crossroads.” Dex, with experience spanning the United Nations, Google, SpaceX, Meta, and OpenAI, delivered far more than a talk on AI. He offered a wake-up call — one that I believe every policymaker, diplomat, and civic leader should hear. 🚨 His message was clear and sobering: We are entering the most disruptive decade in modern history. AI is not a standalone issue — it’s a force reshaping every system we depend on: ◾ Education, healthcare, labor, mobility ◾ Global security, climate action, democratic integrity ◾ Even the social fabric of trust itself 🔘 “We’re using 20th-century frameworks to govern 21st-century challenges.” 🔘 “Politics must be as innovative as our technology.” As someone deeply engaged in digital governance reforms, I couldn’t agree more. Governments are still reacting to change, rather than shaping it. But in an age where AI crosses borders, ignores jurisdictions, and accelerates disruption, passivity is no longer an option. 💡 Dex Hunter-Torricke challenged us to rethink not just regulation, but governance itself: ◾ Reinvention, not incremental reform ◾ Interdisciplinary, not siloed thinking ◾ Planetary, not purely national strategies He ended with a deeply human provocation: 🔘 “The future isn’t happening to us. We are building it.” 🔘 “What kind of world do we want to build?” For me, that question resonates with our mission at OGP Switzerland. It’s a call to: ✔ Build policies that are transparent, inclusive, and anticipatory ✔ Bring civil society and citizens into the design of AI governance ✔ Think beyond compliance — toward legitimacy, trust, and justice 🤝 The summit brought together powerful actors — from UNESCO, European Commission, International Telecommunication Union, to companies like Palantir Technologies, IBM, and Microsoft. And yet, the most powerful message was not about dominance, but collaboration. 🌍 Because no single nation — and certainly no single model of governance — can face this alone. 🇨🇭 In Switzerland, we have a unique role to play: bridging diplomacy and innovation, anchoring values in fast-moving systems, and pushing for AI that strengthens democracy rather than weakening it. 🧭 I left the AI Policy Summit 2025 with urgency, but also clarity: The future isn’t waiting. And neither can we. #AIPolicySummit2025 #DexHunterTorricke #AIgovernance #ETHZurich #PublicPolicy #OGPSwitzerland #TechDiplomacy #OpenGovernment #Leadership #AI #Innovation #FutureOfGovernance #Governane #Diplomacy #Politics / ETH Center for Law & Economics / RegHorizon

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Fraud & scam losses in Germany are reaching unsustainable levels — and only a united, cross-industry response will make a difference. Thank you to Burkhard Balz and his team at the Deutsche Bundesbank for bringing us together on fraud and scam mitigation. I appreciated the open exchange among representatives from banks, telco operators, social media platforms, and regulators - a community that must increasingly act together. As head of the Digital Payments Working Group at Bitkom - and in my “day job” at Giesecke+Devrient, where we see fraud patterns emerging globally from India to Australia and the UK -, it is clear that the trends now reaching Germany have been building elsewhere for years. Key take-aways from this inaugural roundtable: 🔹 The user impact is severe. Data from Global Anti-Scam Alliance (GASA) show ~€10bn annual scam losses in Germany, with 80% of victims report incidents, yet only one-third recover funds. 🔹 Fraud is shifting to AI-enabled social engineering. Scams such as authorized push payments (APP) fraud and “pig butchering” manipulate trust rather than technology, leading to “user-authorized” transactions that are far harder to stop. 🔹 Instant payments = instant fraud potential. The EU’s broad adoption of instant payments accelerates the risk: once a victim is persuaded to act, intervention windows are extremely short. 🔹 Fraud starts long before the payment. Many attacks originate on telco networks and social media platforms, before hitting the banking layer. Prevention therefore requires genuine cross-industry collaboration, data sharing, and clearer legal frameworks that enable responsible fraud intelligence exchange. Call to action: This was an excellent start - but roundtables only matter if they deliver. Let’s use the momentum of this cross-sector community to drive concrete steps in the coming months: coordinated prevention, real-time fraud intelligence sharing, and regulation that enables proactive action. I look forward to contributing. Harmen Zell Dr. Peter Robejsek Josef Schleghuber Tobias Czekalla Simone Wießmeyer Robert Delille Alina Stephanie Bone-Winkel Bitkom: https://lnkd.in/dvAkxgSd #scam #fraud

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The German European Identity Wallet is set to go live in January 2027 barely missing the formal deadline. Other notable statements by Minister Karsten Wildberge below and I will come back to the items not related to the Wallet. Source: https://lnkd.in/epgDJu-y and Joerg Lenz for heads up. •Launch date and initial contents: •“The digital wallet will go live on 2 January 2027… we will have the ID card, driver's licence, vehicle registration, and insurance cards inside.” •Quarterly releases of additional credentials •Wallet intended as a high-security, everyday-use trust anchor. •“A very, very secure wallet… with the highest security standards.” •Industry onboarding has already begun. •“We recently briefed 30 companies on when they can begin developing on the basis of the wallet.” •Wallet + Register Modernisation → Foundation for Attribute Ecosystem •“With the wallet we have many proofs and data available... Register modernisation runs in parallel.” •"Copying leading EU digital states (Estonia, Greece, Austria)" •Wallet as the gateway to full administrative digitalisation •The mobile app that will host the wallet is intended to: •give access to thousands of administrative services, •automate processes using AI, •reduce interaction costs for citizens and businesses. •This transforms the wallet into Germany’s front-end for digital public service delivery, just as the EU intended.

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Sometimes numbers are more than just numbers: On national debt, stability, and future investments Tomorrow, February 18, I will be discussing national debt, its challenges, strategies, and perspectives together with ESMT Berlin at an event hosted by the Berlin-Brandenburg Academy of Sciences/ Berlin-Brandenburgische Akademie der Wissenschaften. Germany’s national debt stands at around 62.5% (2024), which is still solid by international standards. At the same time, we face significant investment needs in infrastructure, climate protection, security, and transformation. The central question is: How do we balance stability, capacity to act, and future-oriented investments? For me personally, the debt brake is more than a technical instrument. It is an anchor that provides stability, but it also challenges us to invest wisely and take responsibility for future generations. This is exactly what we will discuss: Which reforms are necessary, how much fiscal leeway makes sense, and how trust and long-term stability can be combined? I am very much looking forward to the discussion with Dr. Andrea Binder and Isabel Schnabel, moderated by Jörg Rocholl, as well as the exchange with all participants. After all, it is not only models and numbers that shape our financial future, but above all, the priorities we set together. Agnes Eschment Vidisha Mishra Ole Spies Stefanie Lassak Ilze Millere #NationalDebt #FiscalPolicy #PublicFinance #EconomicStability #DebtBrake #ESMTBerlin #BBAW #SustainableInvestment #FutureGenerations #EconomicPolicy #Germany #FinanceDiscussion #Infrastructure #ClimateAction #FinancialStability #PolicyDebate #ResponsibleInvesting #EconomicReform

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For the first time, KfW publishes selected group-wide impact data. This is a first glimpse - an initial selection of indicators. And there is more to come. Why am I celebrating this so much? Because it takes time for a bank to build an indicator system robust enough to publish. KfW has spent years developing a comprehensive framework behind these indicators. This is not just a handful of nice data points found somewhere in the portfolio. It is a systematic, group-wide aggregation of standardized impact indicators. Of course, it will never be perfect. It will never capture the full breadth of the group’s valuable work. And in a bank - especially a development bank - and especially in Germany, we tend to value perfection and approach such transparency with caution. That’s why this deserves real applause. Publishing this data is a meaningful step forward for impact management. Regardless of the feedback KfW may receive, the sector has already changed - simply by making this information public. Thank you, KfW, for taking this next step. The link (currently I just found the German version): https://lnkd.in/eFDryFAT Jan Vorkötter Leonie Wieland-Heizmann Moritz Fleisch evolutiq #Fin4Dev Nina Zündorf Elleke Maliepaard Sebastian Prediger 🐱‍🏍Ulrike Dangelmaier Sven Wabbels Christian Hardt Sebastian Kaden Matt Ripley Dr. Clemens Domnick

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📍 In Großenlüder, #EBA Chair José Manuel Campa joined Hessisches Ministerium der Finanzen (FinanzenHessen) Minister Prof. Dr. Ralph Alexander Lorz, BaFin, and regional banks to discuss the future of local credit institutions in Europe. Minister Lorz highlighted the need for tailored regulation that reflects the diversity of the banking sector, while Chair Campa reaffirmed the EBA’s commitment to efficiency, proportionality, and a stronger Single Market. He especially stressed the work of our high-level working group, which is developing recommendations to enhance the competitiveness of EU banks. This dialogue underscores the need for a balanced regulatory approach that enables all banks, regardless of their size, to focus on serving customers and supporting Europe’s economy.

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𝗡𝗲𝘄 𝗛𝗦𝗙 𝗞𝗿𝗮𝗺𝗲𝗿 𝗡𝗼𝘁𝗲: 𝗕𝗥𝗨𝗕𝗘𝗚 – 𝗪𝗵𝗮𝘁 𝗖𝗵𝗮𝗻𝗴𝗲𝘀 𝗡𝗼𝘄 𝗳𝗼𝗿 𝗥𝗲𝗴𝘂𝗹𝗮𝘁𝗲𝗱 𝗙𝗶𝗻𝗮𝗻𝗰𝗶𝗮𝗹 𝗜𝗻𝘀𝘁𝗶𝘁𝘂𝘁𝗶𝗼𝗻𝘀   With BRUBEG, the German legislator implements CRD VI and updates the banking supervisory framework more comprehensively than it has in years. Many of the new requirements will apply as early as Q2 2026, meaning institutions need to assess the implications quickly.   The Act introduces a harmonised regime for third‑country branches, heightens the supervisory focus on fit‑and‑proper requirements, and, for the first time, embeds binding ESG‑risk management obligations directly into the German Banking Act. BRUBEG also establishes new notification and approval processes for significant corporate transactions and introduces periodic penalty payments as an additional supervisory enforcement tool.   At the same time, it delivers measurable relief, particularly for smaller and less complex institutions – for example through higher thresholds and the removal of duplicative licensing requirements.   In our latest HSF Kramer Note Timo Buehler and Friederieke Seen summarise the key changes and outline where institutions need to take action now.   Read the full post here: https://lnkd.in/e7XYQCGZ

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Who makes the rules when big funders join forces?   Development banks and climate finance institutions are increasingly working together through joint frameworks. This is meant to make projects faster and more efficient - but it also raises big questions:   ❓ Who is accountable when rules are centralized under one donor? ❓ How do we make sure affected communities still have a voice? ❓ What role should civil society play in shaping these frameworks?   These questions matter because efficiency should never come at the cost of #transparency, #accountability, or #humanrights.   📅 Join us on September 23 + 24 in Berlin for a networking event and workshop hosted by the IKI Independent Complaint Mechanism @ ZUG gGmbH and us. This conference brings together accountability mechanisms from multilateral and bilateral development banks, implementing agencies and civil society to discuss challenges and identify potentials for future innovations. We will dive deeper into: ✔ Current trends in joint frameworks (#WorldBank, ADB, EBRD, EIB, GCF, IKI) ✔ How to handle reprisals and ensure remedy ✔ Practical steps for better cooperation without weakening accountability   ➡ Register here: https://lnkd.in/dUUnHEsw   Let’s make sure that climate and #developmentfinance serves people - not just processes.

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Everyone is talking about #climatefinance these days, especially with ongoing negotiations in Bonn. But are we missing what is happening on the ground? The global conversation often focuses on broken promises, #risingdebt, #privatecapital, and the long-standing divide between developed and developing countries. #Multilateralbanks and industries dominate the narrative. But Navya P K looked at it differently. She focused on Kerala to understand how Indian states are approaching the financial side of climate change. Are they simply blaming developed countries for not fulfilling their commitments? Or are there other local narratives shaping their response? This story brings a fresh and important perspective to the climate finance discussion, one that often goes unnoticed. Link in the comments. Worth a read. #Bonnclimatetalk #Bonn #COP30 #Climatefinance #UNFCCC #Climatenegotiation #Climatechange Image of a farmer in Kerala. Frequent climate disasters have taken a serious toll on the farming sector. Image by Satdeep Gill via Wikimedia Commons.

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Germany’s ambition: €30 billion annual VC investment KfW CEO Stefan Wintels has set a bold target to triple Germany’s yearly venture capital inflows—from around €10 billion to €30 billion—to close the gap with the US Key highlights: Underdeveloped ecosystem: German VC currently attracts minimal domestic institutional investment (pensions & insurers < 1% vs US ~27%) WIN initiative: Launched in September, backed by Deutsche Bank, Allianz, Telekom, HUK Coburg and KfW, aiming for €25 billion of public-private funding by 2030. Details on deployment are expected in a 2026 progress report Government support: The recent coalition agreement doubles the WIN initiative and introduces a proposed €100 billion “Germany Fund” to bolster growth-stage startups with at least €10 billion in initial public funding by 2030 IPO ambition & capital market reforms: Germany is working to enhance liquidity by simplifying regulations and encouraging pension system reforms, drawing inspiration from Sweden’s strong IPO activity and capital-market participation. Source: sifted

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