Climate change and geopolitical shifts: Accelerating the sustainable transition Speech at the Eurofi Financial Forum 2022 Prague | Sabine Mauderer 1 Introduction 2 Time to act – more reasons 3 Financing the sustainable transition 4 Enhancing market transparency 5 Transition plans – from commitment to action 6 Conclusion  1 Introduction Ladies and gentlemen, Having just arrived from Germany, I’m enjoying the pleasant, slightly cloudy weather in Prague.
It is very different from what we have experienced over the summer. This summer has been hot, unbearably hot – with temperatures reaching 40 degrees Celsius or higher. Scorching heat coupled with little to no rainfall has caused an unprecedented stress on water levels. Two-thirds of Europe is subject to a drought warning or alert, according to the European Drought Observatory.