The climate transformation holds enormous potential, but requires an efficient capital market to be able to finance these challenges. The reintroduction of the retention period promised by Federal Minister Brunner is an important milestone on the way to a sustainable future. “Billions can thus be mobilized for this transformation into a green future,” emphasizes Franz Rudorfer, Managing Director of the Federal Bank and Insurance Division of the Austrian Economic Chamber (WKÖ), the positive effects of such a step. Supplemented by a tax exemption for sustainable life insurance and pension fund products, a huge push towards a sustainable Austria can succeed here.
“This will enable Austrians to make their personal contribution to climate transformation and to provide for themselves and their children in the long term,” says Rudorfer. The proposed measures create important incentives to supplement pension and old-age provision in the long term.
“With these investments, which are necessary for the green transformation, we are strengthening the location and its competitiveness, creating jobs and prosperity. It is gratifying that these important proposals of the government program are now being taken up,” said Rudorfer.
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