EU climate goals: Business warns 4500 billion euros!

EU climate goals: Business warns 4500 billion euros!

In Germany, concerns about economic stability are upset. In view of the current economic challenges, including short -time work and job cuts, European climate policy has had alarm bells ring. The EU Commission is planning a drastic tightening of the climate goals, and this affects loud criticism of business associations that assess the new requirements as unrealistic and potentially harmful. A current study warns of possible costs of up to 4500 billion euros.

The German Chamber of Commerce and Industry (DIHK) and the Association of Local Companies (VKU) have published a comprehensive analysis that describes the EU ambitions as "foresight and risky" for 2040. According to these associations, the planned climate goals are based on over -optimistic assumptions about technological availability, resources and specialists. If these assumptions do not apply, not only rising costs and additional regulations, but also considerable economic faults.

criticism of unrealistic goals

There are already significant concerns within the German economy that the ambitious climate goals that are required by the EU are not only difficult to achieve, but also generate great uncertainties. DIHK general manager Achim Dercks emphasizes: "The German economy has already achieved a lot in operational climate protection." Nevertheless, he warns that the energy -intensive industry is under pressure in the areas of electricity and gas in view of existing costs. Dercks appeals to more sense of reality in the political discussion.

The forecasts of the DIHK and VKU show that the costs for the implementation of the energy transition could add up to 4500 billion euros by 2040. In order to meet the ambitious requirements of the EU, a massive expansion of renewable energies and considerable cuts in industry would be necessary. In particular, the need to gain 81 percent of energy from renewable sources and drastically reduce consumption in buildings requires economic investments that are difficult to manage.

EU inflows create uncertainty

The EU goal provides to reduce the net greenhouse gas emissions by 90 percent by 2040 compared to 1990. However, this requirement appears to be extremely challenging, especially since the existing requirements by 2030, a reduction of 55 percent, is expected to be achieved. This raises serious questions about the feasibility of the future climate goals and puts the resilience of the German economy.

VKU general manager Ingbert Liebing also expresses concerns that Germany is already disproportionately contributing to the EU CO2 reduction destinations. He emphasizes that the targeted ambitious goals are "premature and risky". There have been critical voices from industry since the beginning of the year that fear that excessively tight specifications could lead to competitive disadvantages. In view of the current challenges, it is to be seen how politics reacts to the objections from the economy and which solutions are found in order to compensate for climate protection and economic stability. as in a report on www.az-online.de mentioned .