Luxembourg takes the lead on climate finance

In a recent report  by  CARE, a Danish nongovernmental organization, scrutinizing and ranking the climate finance plans of 23 developed countries around the world, Luxembourg came on top of the list.

“Fighting the climate crisis is the biggest investment opportunity of our time because we have to change everything,” said Carole Dieschbourg, Luxembourg’s environment minister.

Minister Dieschbourg, together with representatives of other ministries and NGOs, is part of Luxembourg’s sustainable finance initiative, launched last year.

In recent years, the country set up the world’s first green stock exchange, a platform to trade stocks and bonds from vetted environmentally friendly companies that houses more than $350 billion from 32 countries.

The government is also sponsoring an international climate finance accelerator that provides funding and training to professionals working in developing countries.

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