2023-12-09 16:01:39
Putting solar on the roof: Who would have done that without government funding? Image: Sven Simon
In order to significantly reduce CO2 emissions, the primary industries need to make major savings. In order for this to succeed, the state must initially become financially involved, demands the Sustainable Finance Advisory Board of the Federal Ministry of Finance.
In order to embark on a sustainable transformation of the German economy, many companies are investing large amounts of money. A climate-neutral production method is desirable for them because of rising CO2 prices. Efforts to return co-products to manufacturing and build a circular economy can be financially beneficial. But such a project is more complex for basic industries than for most manufacturing companies. The production of paper, chemical goods, steel, lime, cement and glass requires a lot of energy and is sometimes technically impossible to produce without CO2 emissions.
Philip Krohn
Editor in business, responsible for “People and Business”.
The Sustainable Finance Advisory Board of the Federal Ministry of Finance is proposing various financing instruments so that they can also use new technologies efficiently and reduce their greenhouse gas emissions. His report, which he presented to the federal government on Friday, is the first of four recommendations for action that the FAZ reported in advance, which does not see the adjustment screws as the first priority on the financial market. The focus is on tax relief, start-up financing and subsidies for capital-intensive technologies and state infrastructure for the transport of captured carbon dioxide.
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