Mauderer: Climate change will cause enormous costs for our economies and our societies

15.09.2020 DE

Bundesbank Executive Board member Sabine Mauderer has warned of the enormous costs that climate change will cause for the economies and societies. "More public and private money needs to flow into research and development, fostering climate-friendly innovation," Mauderer demanded at a conference. This would help to master the necessary transformation in the real economy.