New German political document of 2021: the first German Strategy for sustainable financing

  • Elena P. Ermakova RUDN University, 6 Miklukho-Maklaya Street, Moscow 117198, Russia

Abstract

The article notes that on 5 May 2021, the German federal government adopted a political document which is the first German Strategy for sustainable financing. The strategy consists of 26 individual measures. The core set of measures includes redirecting federal investment to sustainable investment, labeling sustainability to consumers («traffic light» tags). The nongovernmental organisation Germanwatch criticised the measures proposed in the strategy for being largely too vague.

Author Biography

Elena P. Ermakova, RUDN University, 6 Miklukho-Maklaya Street, Moscow 117198, Russia

PhD (law); associate professor at the department of civil law and procedure and international private law, law institute

References

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Published
2021-12-31
Keywords: German law, green finance, energy transition, sustainable financing strategy
Supporting Agencies The research was conducted with financial support of Russian Foundation for Fundamental Research in the frame of scientific project No. 20-011-00270 «а».
How to Cite
Ermakova, E. P. (2021). New German political document of 2021: the first German Strategy for sustainable financing. Journal of the Belarusian State University. Law, 3, 55-59. Retrieved from https://journals.bsu.by/index.php/law/article/view/4249
Issue
No 3 (2021): Journal of the Belarusian State University. Law
Section
Constitutional Law and Administrative Law