News Digest Item
04 Aug 2017

“1.4 trillion euros for climate protection: They can do it”

Frankfurter Allgemeine Zeitung

The effect on the German economy of the bid to cut greenhouse gas emissions by 80 percent by 2050 will be small and positive, according to an unpublished study by Boston Consulting Group and Prognos, writes Andreas Mihm in Frankfurter Allgemeine Zeitung. The study, commissioned by the Federation of German Industries (BDI), estimates that an additional investment of 1.4 trillion euros is needed to meet the goal. The largest sum was needed in the transport sector, with 450 billion euros, 400 billion euros to refurbish buildings, and energy suppliers had to invest 370 billion euros, writes Mihm. The final report is due to be published after the election and is meant to supply “reliable numbers” for discussions about a long-term climate protection strategy,  writes Mihm.

Read the article in German here.

For background, read the CLEW dossier The energy transition and climate change.

All texts created by the Clean Energy Wire are available under a “Creative Commons Attribution 4.0 International Licence (CC BY 4.0)” . They can be copied, shared and made publicly accessible by users so long as they give appropriate credit, provide a link to the license, and indicate if changes were made.

Journalism for the energy transition

Get our Newsletter
Join our Network
Find an interviewee