On May 1, 2017, Karsten Löffler joined the Frankfurt School - UNEP Collaborating Centre for Climate & Sustainable Energy Finance as Co-Head. He will work together with Silvie Kreibiehl, who has been the head of the centre since 2013. Prior to his appointment, Mr Löffler worked at Allianz Group for over 28 years, most recently as Allianz Climate Solutions GmbH’s managing director. He successfully positioned the financial services provider toward the implications of climate change, making it one of the global frontrunners across its lines of business. A key element of this was finding appealing business solutions, e.g. incubating Allianz Group’s renewable energy investment offering, or increasing transparency and understanding of climate risks. In the area of insurance, he focused on providing natural catastrophe cover in developing countries.
“We are excited to welcome Karsten Löffler at Frankfurt School, further strengthening our climate finance team“, says Professor Dr Udo Steffens, President of Frankfurt School of Finance & Management. “Combining the private sector finance perspective with a deep understanding of the global political agenda and the role of the public sector, Karsten Löffler is uniquely positioned to lead the team to the next level, jointly with Silvie Kreibiehl.”
Mr Löffler’s main interests are the prerequisites for mobilising funds at scale that support the transition to a low carbon economy, with a particular focus on the role and the motivation of institutional investors. He is committed to using insurance as an efficient risk financing tool, especially in relation to natural catastrophe risks in vulnerable (specifically developing) countries. This will complement FS-UNEP Centre’s existing strong track record in international climate cooperation as well as project structuring and implementation expertise in developing countries.
“As initiators of the Collaborating Centre, we feel assured of the value added to the strong cooperation of UN Environment with Frankfurt School and appreciate the contribution of the Centre toward reaching the Paris goals. We are delighted to see the team grow and attract an outstanding and authentic climate finance expert like Karsten Löffler”, added Dr. Karsten Sach, Director General "Climate Policy, European and international Policy" in the Federal Ministry for Environment, Nature Conservation, Building and Nuclear Safety in Germany.
Representing Allianz, Karsten Löffler chaired UNEP Finance Initiative’s climate change advisory group, sat on the management board of ClimateWise, was a member of the Geneva Association’s extreme events and climate risk working group, and an advisor to the Global Innovation Lab for Climate Finance. He also chaired the advisory committee of the Allianz Renewable Energy Fund II. Mr Löffler is vice-chair of Oikocredit’s supervisory board, a development finance cooperative operating from the Netherlands, and a member of the SDG science platform supporting Germany’s Sustainable Development Strategy.
Karsten Löffler earned his diploma in Business Administration from the University of Göttingen. He started his career at Dresdner Bank, where he covered German Mittelstand clients. He is a certified international investment analyst.
Karsten Löffler is available for interviews and background discussions on climate finance.