Economy and Environment are two sides of the same coin. Economy and ecology have been unjustly conceived as opposing elements for too long. On the contrary, ecology and economy belong together. A healthy environment and a sparing and careful use of natural resources are prerequisites for a stable economic and social development in the long term.
The meeting will focus on the overall conditions for the global decarbonisation of the industrial sector as well as measures that can contribute to the development of strong lead markets for climate-friendly basic materials.
Germany is, for the first time, cancelling emission allowances from the European emissions trading system in order to secure the positive climate impact of the regulated phase-out of coal power.
Federal Cabinet adopted the National Circular Economy Strategy (NCES). With it, the German government has created a long-term framework – for the environment, society and industry – for the transition to a circular economy.
To meet the greenhouse gas reduction quota, the mineral oil industry may only use CO2 reductions from renewable fuels and electricity in the next two years that were also achieved in the same year.
At COP28 in Dubai, the global community agreed for the first time to move away from oil, gas and coal. Other goals agreed include tripling global renewable energy capacity and doubling the rate of energy efficiency by 2030.
