The Bundesbank’s economists have examined how climate action affects the value of stock corporations. The outcome under the assumptions made was that a large proportion of the corporations under review did not suffer major equity price losses as a consequence of their direct greenhouse gas emissions, even for a sharp rise in carbon prices. By contrast, shares in companies whose greenhouse gas emissions cause them high costs in relation to their dividends suffer large losses. Stock corporations whose business centres around fossil energy sources are hardest hit.

Der gewichtete Indikator der Kreditfinanzierungskosten für neue Kredite an Unternehmen und der entsprechende Indikator für neue Wohnungsbaukredite an private Haushalte blieben mit 1,36 % bzw. 1,31 % weitgehend unverändert.