“Nobody has to invest here, every investor always has free choice, so it’s up to us to make it attractive,” Wintels also urged the federal government. The KfW boss estimates that 30 percent higher investments and significantly more speed are necessary in order to keep pace with the 1.5 degree target and the commitments that have been made. Up to 90 percent of the money must come from private sources; the state cannot and should not provide that. However, it must offer attractive conditions and often start-up financing.
The climate needs much more private capital