A transformation fund for Germany?
Germany and Europe are facing major climate and industrial policy challenges. Investments in future technologies and developing industrial centres in Germany must already be made today in order to achieve greenhouse gas neutrality by 2050. This requires ambitious financing concepts at the state and company level. There are increasingly louder calls for one (or more) future or transformation funds in order to initiate and co-finance the necessary investments.
What would be a suitable model for transformation funds? Which concepts have become established internationally for similar purposes? How can financing and governance issues be resolved, also in view of the new public debt situation following the Corona crisis in 2020? The IG BCE Foundation for Labour and the Environment and the Institute for Macroeconomics and Business Cycle Research (IMK) are investigating models for various transformation funds and are developing proposals for financing the transformation in Germany.
The first results are expected by autumn 2020.