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Now the economy is cheering, because the “green” restart is free
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Von der Leyen wants a 55 percent CO2 reduction by 2030
So far, EU members have pledged to cut CO2 emissions by 40 percent by 2030. But a new draft of the EU climate plan by Commission President Ursula von der Leyen now foresees a reduction of 55 percent.
The EU Commission wants to reduce CO2 emissions in the most radical way possible. Such plans have long sparked an outcry in the industry. Now it is missing and the top executives of large corporations even applaud. For good reason.
meIn climate policy, the fronts so far have been clear. Every time the EU Commission announced tougher savings targets for greenhouse gases, the economy screamed and screamed and sent its lobbyists to avoid the worst. But everything will be different when Ursula von der Leyen presents a new proposal for the 2030 climate goal. It is true that there will be another massive tightening of CO2 from 40 percent to 55 percent in the future.two– Reduction of the program of the President of the EU Commission. But no one in the economy howls anymore. On the contrary: there was applause.
More than 150 European CEOs recently requested it in an open letter to the EU Commission. The industrial leaders did not demand restraint, but on the contrary, the decided hardening of the COtwo-Saving target of “at least 55 percent”. The signatories include the directors of Deutsche Bank and Allianz, Deutsche Telekom and SAP.
Even energy giants like RWE, E.on, Total, and Vattenfall were present. As of now, it appears that climate protection is no longer pursued against the interests of the industry, but at the express request of the industry. Environmental organizations, mostly driven by anti-capitalist reflexes, are surprised on the side of the supposed opponent.
There are many reasons to change the front. As in a bad crime thriller, money is often the motive. Restructuring the power supply, for example, creates new business opportunities that are subsidized or insured by the state. While climate protection used to be based on costs and requirements, a tax-funded corona stimulus package in the triple-digit billion sums is now available, which is declared to be invested in a “green” restart after the pandemic. That awakens desires.
Many corporate executives and investors may have seen a real shift in consciousness since their own children moved in to the Fridays for Future show. Others finally just want to plan for security. If the weather train can’t be stopped anyway, you better jump. Then you can better see where your journey is going. Some German corporations even promise to be completely climate neutral soon. Even exempt from the EEG surcharge, of course they like to shift the burden of going green onto their providers. The costs of climate protection remain with poorly protected midsize companies. Their cry often goes unnoticed.
