Vienna (OTS) – Adam Pawloff is a climate and finance expert at Greenpeace Austria. This Friday he is a guest at “Friday in the arena“, The podcast and video format of oekostrom AG. In a talk with oekostrom AG board member Ulrich Streibl and moderator Tom Rottenberg, he talks about why the European Central Bank (ECB) favors sectors that are harmful to the climate and how money flows can be redirected sustainably.
“Greenpeace is always looking for the big levers for change – the financial market is one of them”, so Pawloff. According to the Paris Climate Agreement, global warming can only be limited to 1.5 degrees if global financial flows are diverted: Both public and private investments must support the implementation of the agreed climate targets. According to Adam Pawloff, this is exactly where a major problem lies: “The ECB currently holds around 280 billion euros in corporate bonds. Around 65% of this comes from either fossil energy companies, car companies, airlines or energy-intensive production. Thus, the ECB massively favors these sectors over other, more environmentally sustainable – that has to change!”
Pawloff’s “Tip on Friday”: „I own a share in most of the Austrian listed companies. I don’t have insane voting rights, but I won the right to ask questions at the general meeting. That’s something anyone can do: get a share to be an activist shareholder. “
You can find out more about the current episode of “Friday in the Arena” here.
The next episode will appear on Friday, April 23, 2021. Harvard attorney Michaela Krömer is visiting on the subject of climate action.
“Friday in the Arena” is available every second Friday morning directly from the oekostrom AG, on their YouTube channel and on various Audio-Streamingkanälen.
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Oekostrom AG is a producer and supplier of electricity from renewable energy sources and is actively committed to an ecological, sustainable energy supply for heat and mobility. Founded in 1999 out of the anti-nuclear movement, the company is now the largest independent energy service provider in Austria.
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