The Bank also introduced its Climate Response Financing Operations and has been actively engaged in a wide range of initiatives, including research. In principle, it is the governments' industrial and fiscal policies that play the primary role in addressing climate change issues. However, it is also important to consider how to make use of market mechanisms to ensure the effectiveness of these policies.
I would like to extend a special welcome to the distinguished members of the diplomatic corps present this afternoon, Peter W Bodde, US Consul General in Frankfurt and Leonidas Contovounesios, Consul General of the Hellenic Republic in Frankfurt.