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DTSTAMP:20260504T043723Z
DTSTART:20210629T170000
SUMMARY:European Green Deal: the role of the state and companies in the e
 cological transformation
TRANSP:TRANSPARENT
UID:2021_06_29_oekologische_ordnungspolitik_gestalten_panel_1_867246
DESCRIPTION:The framework for business decisions is undergoing dynamic ch
 ange\, not least in response to climate policy and regulatory requiremen
 ts. Society has become significantly more supportive of climate protecti
 on over recent years\, with political parties organising their manifesto
 s around this topic. Furthermore\, the Federal Constitutional Court has 
 judged that some parts of the Federal Climate Change Act (Klimaschutzges
 etz) from 2019 were unconstitutional\, prompting the Federal Government 
 to fast-track amendments to this legislation in May 2021 and raise the e
 mission reduction target for 2030 to 65%. The goal is for Germany to ach
 ieve climate neutrality in 2045\, rather than in 2050. Implementation of
  these objectives will be supported by the European Green Deal\, for whi
 ch the EU will be presenting further implementation concepts this summer
 .\n\nBusinesses and the general public face considerable challenges: to 
 achieve climate neutrality by 2045\, it will be necessary to step up the
  pace at which reductions are achieved. Germany managed to reduce emissi
 ons by 40% between 1990 and 2020\, but according to the current objectiv
 es\, the reduction will need to be half as big again over the next 25 ye
 ars. While renewable energy accounts for half of the electricity generat
 ed\, it represents only 20% of total final energy consumption. This mean
 s that 80% of the path still needs to be taken in terms of energy. Secto
 rs such as the building stock account for a large share (just under 40%)
  of total emissions\, but low or zero carbon retrofits are anything but 
 easy. In energy-intensive sectors such as the chemicals and steel indust
 ries\, climate neutrality can only be achieved by embracing fundamental 
 process innovations that will call for enormous investment.\n\nThis firs
 t panel in the series of events addresses key issues in the debate surro
 unding the implementation of climate targets: How can government measure
 s and private sector action best be balanced? Who should bear the risks 
 and costs of the transformation? Which policy instruments are suited to 
 correcting market failures in the field of climate protection?\n\nPanel 
 I – online event on 29 June 2021\, 17:00-19:00 (CEST)\n\nEvent language:
  German\n\n“European Green Deal: the role of the state and companies in 
 the ecological transformation”\n  \n\nWelcome address\n  \n\nDr. Sabine 
 Mauderer\nExecutive Board member\,  Deutsche Bundesbank\n  \n\nModerator
 \n  Ralf Fücks\nFounder and Managing Director of the  Center for Liberal
  Modernity\n  \n\nPanellists\n  \n\nRainer Baake\nManaging Director of t
 he Climate Neutrality Foundation\n\nDr. Patrick Herhold\nManaging Direct
 or and Partner\, Boston Consulting Group and Co-lead of BCG’s Center for
  Climate Action\n\nHolger Lösch\nDeputy Director General\, Federation of
  German Industries\n\nProfessor Dr. Monika Schnitzer\nProfessor at Ludwi
 g-Maximilians-University Munich and member of the German Council of Econ
 omic Experts \n\nAngela Titzrath\nChairwoman of the Executive Board\, Ha
 mburger Hafen und Logistik AG
LOCATION:Virtual Event
CONTACT:
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