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Reposted by Joscha Wullweber

JEPP Journal @jeppjournal.bsky.social · Jul 23

@riccardobaioni.bsky.social, Nicolás Águila, Janina Urban, @paulahaufe.bsky.social, @simonschairer.bsky.social & @jwullweber.bsky.social discuss how the European Commission attempted to reinvigorate the stalled Capital Markets Union project by reframing it as a vehicle for green investments 👇

Playing the capital market? Sustainable finance and the discursive construction of the Capital Markets Union as a common good

The Capital Markets Union (CMU) project aims to create more integrated capital markets in Europe. However, the project faces resistance, and despite ongoing efforts EU capital markets remain fragme...

www.tandfonline.com

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Reposted by Joscha Wullweber

Riccardo Baioni @riccardobaioni.bsky.social · Jul 28

Happy to share a new open-access article from the SuFi project at Witten/Herdecke University, just published in @jeppjournal.bsky.social @naguila.bsky.social @janina urban @paulahaufe.bsky.social @simonschairer.bsky.social @jwullweber.bsky.social
👉 www.tandfonline.com/doi/full/10....

Playing the capital market? Sustainable finance and the discursive construction of the Capital Markets Union as a common good

The Capital Markets Union (CMU) project aims to create more integrated capital markets in Europe. However, the project faces resistance, and despite ongoing efforts EU capital markets remain fragme...

www.tandfonline.com

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Joscha Wullweber @jwullweber.bsky.social · Jul 11

Disclaimer: Many activities necessary for the green transition will never be bankable, and therefore will never be attractive for financial investors. As a result, the state should directly provide the necessary financing.
You can find our full policy report here: www.uni-wh.de/en/your-camp...

[tra:ce] Policy Report

Financing the green transition: Increasing bankability, phasing out carbon investments and funding ‘never bankable’ activities

www.uni-wh.de

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Joscha Wullweber @jwullweber.bsky.social · Jul 11

The figure illustrates how financial policies should function: Green investments require derisking policies and better financing conditions to become bankable. For greenhouse gas-emitting investments, policies should increase risk and decrease returns in order to reduce their bankability.

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Joscha Wullweber @jwullweber.bsky.social · Jul 11

Figure from our #policy #report: 1. The main barrier to #financing the necessary activities for the sustainable transition is their lack of #bankability
2. High GHG-emitting activities remain #bankable and thus continue to attract financing from banks and shadow banks
www.uni-wh.de/en/your-camp...

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Joscha Wullweber @jwullweber.bsky.social · Jul 3

#5 @naguila.bsky.social @paulahaufe.bsky.social @riccardobaioni.bsky.social @janinaurban @simonschairer.bsky.social @floriankern @janfichtner.bsky.social

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Joscha Wullweber @jwullweber.bsky.social · Jul 3

#4 This taxonomy forms the basis for the projects’ policy recommendations that can increase the bankability of not-yet bankable firms and projects, decrease the bankability of high-GHG emitting ones, and expand financing for never bankable activities. @wbgu.bsky.social @ioew.bsky.social

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Joscha Wullweber @jwullweber.bsky.social · Jul 3

#3 In other words, many green firms and projects are considered as ‘non-bankable’. Based on our analysis, we propose a classification that considers two criteria: 1) Is the investment green or does it generate high GHG emissions? 2) Is it bankable, not yet bankable, or never bankable?

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Joscha Wullweber @jwullweber.bsky.social · Jul 3

#2 We show that the problem is not the lack of capital, but the lack of bankable green projects. Increases in green lending and investments by banks and other financial institutions remain negligible because green investments fail to meet the desired risk-return profiles of investors.

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Joscha Wullweber @jwullweber.bsky.social · Jul 3

Our #policy #paper has just been published: "Financing the #green #transition: Increasing #bankability, phasing out carbon investments and funding 'never bankable' activities". We ask: Why does a large green financing gap persist? What policies do we need to change it: www.uni-wh.de/en/your-camp...

[tra:ce] Policy Report

Financing the green transition: Increasing bankability, phasing out carbon investments and funding ‘never bankable’ activities

www.uni-wh.de

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Joscha Wullweber @jwullweber.bsky.social · Jun 23

Public launch of our policy report "#Financing the #green #transition: Increasing #bankability, phasing out carbon #investments and funding 'never bankable' activities". Monday 30.6., 11:00 (CET) via Zoom. Comments: Silke Stremlau, Sustainable Finance Advisory Committee www.uni-wh.de/en/financing...

Policy Report Launch: Financing the Green Transition

Presentation of the policy paper on improving bankability, exiting carbon investments and financing activities that were never bankable.

www.uni-wh.de

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Reposted by Joscha Wullweber

WBGU @wbgu.bsky.social · Jun 10

📣 Neues Impulspapier „Sicherheit: Worüber wir jetzt reden müssen“. Das vierseitige Papier zielt darauf ab, Debatten über Sicherheit und Nachhaltigkeit anzuregen.
www.wbgu.de/ip-sicherheit
@akhornidge.bsky.social‬
‪@alettabonn.bsky.social‬
‪@traidlhoffmann.bsky.social‬‬‬
@jwullweber.bsky.social‬

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Joscha Wullweber @jwullweber.bsky.social · Jun 12

We are thrilled to announce the public #launch of our #policy #paper: "Financing the #green #transition: Increasing #bankability, phasing out carbon investments and funding 'never bankable' activities" @ioew.bsky.social Monday 30.06.2025, 11:00 (CET) www.uni-wh.de/die-finanzie...

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Reposted by Joscha Wullweber

WBGU @wbgu.bsky.social · Jun 10

📣 New WBGU discussion paper „Security: What we need to talk about". www.wbgu.de/dp-security
The aim of the four-pager is to stimulate debates on security and its relation to sustainability.
@akhornidge.bsky.social‬ @alettabonn.bsky.social‬
‪@traidlhoffmann.bsky.social‬‬‬ @jwullweber.bsky.social‬

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Joscha Wullweber @jwullweber.bsky.social · May 30

Wir vergeben einen Jugend-Kreativpreis Nachhaltigkeit: "System change not climate change?"! Wie sieht eine nachhaltige und gerechte Welt aus – und was ist der Weg dorthin? Ob Text, Collage, Illustration, Kurzvideo oder Comic – deine Vision zählt. www.uni-wh.de/euer-campus/...

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Joscha Wullweber @jwullweber.bsky.social · May 20

Nach den drei trockensten Monaten seit Beginn der Wetteraufzeichnung wichtiger denn je!

WBGU @wbgu.bsky.social · Mar 21

#Weltwassertag: Der WBGU empfiehlt in seinem Policy Brief zur UN-Wasserkonferenz 2026 eine Internationale Wasserstrategie zu erarbeiten, eine Water Mapping Initiative als neue Science-Policy-Schnittstelle einzurichten und klimaresilientes Wassermanagement zu etablieren. www.wbgu.de/policybriefwasser

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Joscha Wullweber @jwullweber.bsky.social · May 19

;-)

Joscha Wullweber @jwullweber.bsky.social · May 19

We had an intense week at the German Advisory Council on Global Change @wbgu.bsky.social. In light of the challenges facing the German society and societies all over the world, how can the WBGU support policymakers in addressing global environmental change? Stay tuned for our answers!

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Joscha Wullweber @jwullweber.bsky.social · May 19

A great paper!

Christopher Olk @christopher-olk.bsky.social · Apr 9

#Crypto began as an anti-state, anti-credit project. Now it's an integral part of the state-backed credit system - just think of Trump’s 'Bitcoin Reserve'. How and why did this happen?

Find answers in our new open-access article in @ripejournal.bsky.social:
www.tandfonline.com/doi/full/10....

A credit theory of anti-credit money: How the cryptocurrency sphere turned into a shadow banking system

Cryptocurrencies were designed to function as money without banks. How, then, could they run into a banking crisis in 2022? We argue that the evolution of the crypto sphere into a credit based syst...

www.tandfonline.com

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Joscha Wullweber @jwullweber.bsky.social · May 19

Our second [tra:ce] working paper, which addresses the challenges of financing green investments, is out: "The green banking gap: how bankability, business models, and regulations challenge banks' decarbonisation". Join our public paper launch on Monday, 26 May, 11h (CET)!

naguila.bsky.social @naguila.bsky.social · May 19

Banks have been slow to increase green lending and continue to finance high-GHG-emitting activities. Why? Based on 88 interviews, in our new @trace working paper, we argue that there are three main reasons: bankability, business model, and regulations. papers.ssrn.com/sol3/papers....

The green banking gap: how bankability, business models, and regulations challenge banks' decarbonisation

Banks have been slow to increase green lending while they continue to finance high-GHG-emitting activities, a phenomenon we call the "green banking gap&quo

papers.ssrn.com

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Joscha Wullweber @jwullweber.bsky.social · Apr 2

Jetzt erst recht: den BA #Global #Sustainability: #Climate, #Justice, #Transformation studieren! www.uni-wh.de/unser-vibe/l...

Alumni Newsletter

Aktuelle News für die ehemaligen Studierenden der UW/H im Alumni Newsletter.

www.uni-wh.de

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Reposted by Joscha Wullweber

Jan Fichtner @janfichtner.bsky.social · Apr 1

(1) loan securitization, (2) emissions risk transfers, (3) bond financing, (4) carbon asset partitioning, (5) offshore corporate wealth chains, (6) private credit, and (7) proved developed producing reserves securitization.

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Reposted by Joscha Wullweber

Jan Fichtner @janfichtner.bsky.social · Apr 1

Drawing on qualitative expert interviews and financial market data, the paper explains how the offshore-shadow-banking nexus hampers the green transition by introducing the concept of ‘shadow carbon financing’, which can operate through the following seven channels:

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Reposted by Joscha Wullweber

Jan Fichtner @janfichtner.bsky.social · Apr 1

These blind spots seriously undermine regulatory efficacy because offshore finance enables the obfuscation of financial flows, while shadow banking facilitates alternative financing to high carbon-emitting firms.

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Reposted by Joscha Wullweber

Jan Fichtner @janfichtner.bsky.social · Apr 1

Recent years saw regulatory efforts to steer the financial system towards financing the transition to a net-zero economy and phase out carbon financing. However, EU regulation has left the nexus of offshore finance and the shadow banking system untouched.

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