DIHK President: Chamber of Commerce warns of local weather transformation – “The private sector simply cannot handle it” | EUROtoday

According to a media report, for the pinnacle of the German Chamber of Commerce and Industry (DIHK) Peter Adrian, the climate-neutral transformation for German trade as it’s presently operating shouldn’t be reasonably priced.

This is proven by a examine by the German Chamber of Industry and Commerce, Adrian informed the “Rheinische Post” in keeping with a preliminary report. From 2025 to 2049, the transformation will price round 5 trillion euros. “Where are they supposed to come from? This is simply not possible for the private sector. Without international coordination, we are hurting ourselves in terms of competition – and we are also not making any progress globally when it comes to climate protection,” mentioned Adrian, in keeping with the report.

The DIHK stands for local weather neutrality. “But we see that the path to get there is significantly less ambitious, especially for the most important CO₂ emitters, the USA, China and India.

These countries account for 60 percent of global emissions,” mentioned the DIHK boss, in keeping with the “Rheinischer Post”. He known as for brand new worldwide local weather agreements that might be extra possible for as many international locations as doable, together with the USA and China, in order that Europe wouldn’t lose its competitiveness. “To achieve this, we must sensibly adapt our high climate protection standards during the transition phase.”