More attractive framework conditions needed to combine precaution and financing of climate transformation
Vienna (OTS) – “If well over a million people in Austria own securities, then that shows that the diverse efforts to improve financial education are beginning to take effect. This also successfully counteracts inflation and this is shown by a current survey across all income brackets,” says Franz Rudorfer, Managing Director of the Federal Bank and Insurance Division of the Austrian Economic Chamber.
However, as provided for in the government program, this requires support through appropriate framework conditions.
“Climate transformation in particular can only be tackled with an efficient capital market,” Rudorfer continued. In an analysis by the Federal Environment Agency from the previous year, the huge need for investment is impressively demonstrated. According to the Federal Environment Agency, around 145 billion additional investments will be required by 2030 alone. Therefore, as provided for in the government program, framework conditions are needed quickly that make investing in Austria more attractive and enable people to combine precaution and climate transformation, emphasizes the bank spokesman.
In any case, the high level of interest in securities clearly shows that Austrians want to make provisions in all income brackets, not least because of increasing financial literacy, and probably also want to send a signal in the direction of climate transformation. “This is where we need to start in order to make this a sustainable development for the Austrian financial center,” emphasizes Rudorfer in conclusion. (PWK070/us)
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