German Industry Association BDI Sticks to Climate Targets

Federation of German Industries BDI said that Germany's industry will not sacrifice the country's ambitious climate targets for 2030 and 2045 over the energy crisis. BDI President Mr Siegfried Russwurm at the association's climate congress said “Even though the energy crisis is so serious that nothing less is at stake in the coming weeks than ensuring the survival of industries in Germany and Europe, climate protection must remain a high priority. What is needed now is a dual strategy of measures to deal with the energy crisis and intensified investment in climate protection The economy and energy supply must be made crisis-proof and more resilient.”Mr Russwurm said “Germany seeks to reduce its greenhouse gas emissions by 65% by 2030 from 1990 levels and to be completely climate-neutral by 2045. Already, companies have successfully set out on a path to help Germany to become a climate-neutral industrialized country.”According to the BDI “Boosting renewable energy production, upgrading the electricity grids and jump-starting the hydrogen economy are at the heart of the German climate strategy. But the roll-out of costly climate-neutral solutions will need government support.”A study the BDI published last year put the cost of achieving climate neutrality in Germany at EUR 860 billion. Inflation fueled by the current energy crisis is expected to push this figure higherThe Bundesverband der Deutschen Industrie, Federation of German Industries is the leading organization of German industry and industry-related service providers. It represents 39 industry associations and more than 100,000 companies with around 8 million employees.

German Industry Association BDI Sticks to Climate Targets

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