The consequences of climate change pose economic risks for companies. A recent study by the German Environment Agency (UBA) shows that only about half of the DAX 30 companies report publicly on these risks. None of the 100 largest companies studied provides information on whether the corporate strategy is resilient to stronger climate change. read more
Many companies underestimate the risks of climate change
Final account of 2019 greenhouse gases in Germany: Emissions declined by 35 per cent over 1990 levels
Germany emitted a total of 809.8 million tonnes of CO2 equivalents in 2019. This is around 46 million tonnes or 5.4% less than in 2018, and 35.1% less compared to 1990, according to the results of calculations submitted by the German Environment Agency (UBA) to the European Commission. read more
The transnational impacts of global climate change
Climate change will affect the frequency, intensity and regional occurrence of extreme weather events and lead to gradual climatic changes. Although impacts appear locally at first, they spread beyond political borders due to the global physical and economic interconnectedness. A new UBA report provides an overview of the potential impact chains of global climate change on the German economy. read more
CO2 pricing for emissions in heating and transport sectors to start in new year in Germany
Germany is set to launch the national emissions trading system for fuels on 1 January 2021. The trading system is intended to help reduce CO2 emissions in the heating and transport sectors. Until 2022, petrol, diesel, heating oil, liquefied petroleum gas and natural gas will initially be part of the national emissions trading system. read more
Resolute environmental protection will save society many billions of euros
Greenhouse gases, nitrogen emissions and other environmental pollution cause damage to human health and destroy ecosystems. They also lead to production losses, crop losses and damage to buildings and infrastructure. For many of these damages, there are established scientific methods to express them in monetary terms. read more
Coronavirus pandemic and stormy February lead to increase in share of renewable energies in electricity supply sector in Germany
The share of renewable energies in gross electricity consumption will be around 46 percent for the full year 2020 – a good four percentage points higher than the figure for the full year 2019 (42%). The increase was due to an increase in electricity generation from renewable sources of about five per cent, but also to a decrease in electricity consumption in the course of the coronavirus pandemic. read more
Using coronavirus stimulus packages to enhance climate action
Stimulus packages amounting to billions of euros have been and are being launched worldwide to mitigate the economic and social impacts of the coronavirus crisis. The Federal Environment Ministry (BMU) and the German Environment Agency (UBA) consider these programmes an opportunity to set the course towards a more sustainable society by planning a resilient and viable economic recovery. read more
Climate change adaptation in Germany – specialist conference on strategies to counter heat, drought and heavy rainfall
A resilient climate change forest, urban green as a cool oasis in the middle of a hot city, climate-friendly building materials made from natural resources, and a coaching programme to assist municipalities in adapting to climate change – these are the winners of this year’s Blauer Kompass award. The projects were honoured during an online conference on climate resilience. read more