If you go to investment advice in the future, the advisor will ask you a question of conscience: Do you want to invest sustainably?
This Tuesday, new EU regulations will come into force aimed at channeling more funds into financial investments that serve to protect the climate and the environment.
In light of the current heat wave, even the most skeptical have realized that climate change has happened.
Since it threatens the earth and humanity, there can only be one answer to the question of conscience: "Of course yes." But that's where the problems begin.
Because what is sustainable is where opinions differ.
According to the EU specifications, for example, nuclear power and gas are included.
The debate about insecure energy supply also revolves around coal energy, which is largely responsible for climate change.
What is sustainable is strongly influenced by political moods.
The suspicion of arbitrariness is obvious.
Investors should also be aware that the financial industry sees green investing as a growth area.
Overpriced products can be sold under the concept of sustainability.
There is currently no answer as to whether this will save the world or just line the pockets of fund managers.
Leaving a world worth living in for descendants is an understandable desire.
However, investors in financial products must continue to pay attention to opportunities and risks.