Although small and medium-sized enterprises (SMEs) contribute considerably to Germany's carbon emissions, regional savings and cooperative banks - SMEs' most important financiers - hardly consider this aspect in lending to these businesses. However, given Germany's commitment to climate neutrality by 2045, suitable approaches for injecting climate finance into these SME lending processes are greatly required. Against this background, the paper at hand aims to introduce the specific case of regional banks into the debate on green finance and green banking and suggest future research in this context. In discussing the state of research on the peculiarities of regional savings and cooperative banks, we outline the resulting opportunities and limitations for climate impact assessments in SME lending. We argue that while the dual bottom-line orientation of regional banks in Germany precludes them from applying simple positive or negative screenings, their in-depth knowledge about local clients and circumstances enables them to be active and engaging partners for the green transformation of SMEs. Nonetheless, we explain why developing solutions to utilise this knowledge for climate finance by integrating climate impact assessments into routine lending processes remains a particularly challenging task.
Life Cycle Assessment (LCA) has matured over the past decades and become part of the broader field of sustainability assessment. To strengthen LCA as a tool and eventually increase its usefulness for sustainability decision-making, it is argued that there is a need to expand the ISO LCA framework by integration and connection with other concepts and methods. This paper explores the potential options for deepening and broadening the LCA methodologies beyond the current ISO framework for improved sustainability analysis. By investigating several environmental, economic and social assessment methods, the paper suggests some options for incorporating (parts of) other methods or combining with other methods for broadening and deepening the LCA.
Renania del Norte-Westfalia (RNW) es el mayor estado federal (land) de la República Federal de Alemania. Hasta la década de 1970, la región del Rin-Ruhr, con una población de unos 12 millones de habitantes y una potente industria química, del carbón y del acero, se vio afectada por graves problemas de contaminación. En los años setenta, la protección medioambiental apareció en las agendas políticas nacionales e internacionales. Los gobiernos federales y el estatal lanzaron múltiples intervenciones legislativas y económicas para limpiar ríos, suelos y aire. Como resultado, surgió una ecoindustria muy competitiva. En este artículo, se resumen las características de las ecoindustrias y se describe el cambio estructural de la región del Ruhr. Asimismo, centrándose en el mesonivel y empleando los ejemplos de la gestión energética y la gestión municipal de residuos, se destacan los puntos fuertes y los puntos débiles de las políticas económicas regionales de clusters que apoyan las ecoindustrias en RNW.
Northrhine-Westphalia (NRW) is the largest land of the Federal Republic of Germany. Until the 1970ies the Ruhr-area with a population of about 12 million people and a strong coal, steel and chemical industry had been plagued with severe pollution. In the 1970ies environmental protection had emerged on the international and national policy agendas. The federal and regional government launched massive legislative and economic public interventions for cleaning-up rivers, soils and air. As a result, a highly competitive eco-industry emerged. The article outlines main features of ecoindustries, the structural change of the Ruhr area and regional economic cluster policies in support of eco-industries in NRW. It draws conclusions for eco-industry policy developing from end-of-pipe towards integrated preventive approaches.