My answer is that Danmarks Nationalbank contributes by ensuring good conditions for the transition. This has several meanings. Danmarks Nationalbank contributes by meeting its objectives of ensuring a robust economy with stable prices, safe payments and stability in the financial system. This provides for stable planning horizons as a solid basis for long-term green investments. Besides this, a stable economy adds to fiscal space.
Danmarks Nationalbank also contributes to the transition by raising climate awareness in the financial markets. Now, we’re drawing closer to the green bonds. Heightened climate awareness is not just about banks and investors being aware of the risks associated with companies emitting large amounts of greenhouse gases. Those companies may not be profitable in the future.