• Germany's news in English

New climate change goals to cost Germany €310 billion

The Local · 20 Nov 2009, 16:18

Published: 20 Nov 2009 16:18 GMT+01:00

Facebook Twitter Google+ reddit

Berlin wants to set targets at the United Nations conference in Copenhagen this December to reduce fossil fuel emissions from their 1990 level by 40 percent before 2020, the magazine reported.

But a study conducted by business consultancy Deloitte for the magazine’s latest issue found that German industries will have to pony up large sums of cash to comply.

The construction industry will be hardest hit by compulsory cuts in greenhouse gasses in the coming years, having to invest some €150 billion to renovate buildings for energy efficiency, the study said. But rent regulations and the results of the financial crisis will prove to be sizeable hurdles in finishing the job, according to the magazine.

Meanwhile the transportation, logistics and energy sectors will have to make the most structural changes to achieve higher energy efficiency – after already significantly reducing their consumption in recent years, the study found.

Story continues below…

They will not only have to implement new technology and use new energy sources, but also fundamentally change their business practices much more quickly than previous adjustments, the magazine said.

The Local (news@thelocal.de)

Facebook Twitter Google+ reddit

Your comments about this article

17:36 November 20, 2009 by Rossi82
Hahaha... Still can not believe we are having this debate whether climate change exists... I guess it is easier to be naive then to try and the generally scientific accepted science behind climate change.

Also, this attitude of, "well they are not not making an effort then why should we?" is just pathetic... mainly because the western world is to blame for the increased rate of climate change thus to far..., ahh stuff it!.. lets just be able to spend OUR money on s**t we don't really need or want!... Pathetic!

And really! this old argument on how much it cost to manufacture wind turbines and how inefficient they are is really, really old! Please tell me the operational life time of wind turbines? and maintenance cost vs. power output.... don't forget that all important FACT ... OVER TIME!???
21:58 November 20, 2009 by Rossi82
At least as a socialist and environmentalist... I will NOT need to try and explain why to my children, when given the chance I opted to do nothing...!
22:34 November 20, 2009 by barracks
Sorry, but some comments here are just to long that I prepare to read the short one that is direct to the point.
15:02 November 21, 2009 by barracks
what sucks is this very long comments, teaching history, what will happen in the future,etc...etc...sorry but it really confusing the readers.
18:48 November 21, 2009 by canadaguy
Glad to see Germany taking such a leading role. The cost quoted seems like a small price to pay. Ironically many in other western countries are behaving like "Good Germans":

Today's headlines
Creepy clown scare spreads to Germany
Two of the clowns were apparently equipped with chainsaws. Photo: Pedro Pardo / AFP file picture

Police said Friday five incidents involving so-called scary clowns had occurred in two north German town, including one assailant who hit a man with a baseball bat, amid fears that Halloween could spark a rash of similar attacks.

Student fined for spying on women via their webcams
Photo: DPA

Student from Munich fined €1,000 for spying on 32 different computers, using their webcams to take photographs, or record their keyboard history.

This is how much startup geeks earn in Germany
Photo: DPA

A comprehensive new survey of 143 startup founders shows how much you are likely to be earning at a German startup, from entry level all the way up to sitting on the board.

Man dies after beating for peeing near Freiburg church
The Johannes Church in Freiburg. Photo Jörgens Mi/Wikipedia

A middle-aged man from southern Germany has died after being attacked by a group of men who took umbrage with the fact he was urinating in the vicinity of a church.

The Local List
Seven German celebrities with uncanny doppelgängers
Former Berlin mayor Klaus Wowereit and actor Alec Baldwin. Photo: DPA; Gage Skidmore, Wikimedia Commons

Check out these seven look-a-likes of well known German figures - we admit that some are more tenuous than others...

Israel seeks to buy three new German submarines: report
A Dolphin class submarine. Photo: DPA

Israel is seeking to buy three more advanced submarines from Germany at a combined price of €1.2 billion, an Israeli newspaper reported Friday.

Here’s where people live the longest in Germany
Photo: DPA

Germans down south seem to know the secret to a long life.

More Germans identify as LGBT than in rest of Europe
Photo: DPA

The percentage of the German population which identifies as lesbian, gay, bisexual or transgender is higher than anywhere else in Europe, according to a new study.

'Reichsbürger' pair attack police in Saxony-Anhalt
File photo: DPA.

A "Reichsbürger" and his wife attacked police officers on Thursday, just a day after another Reichsbürger fatally shot an officer in Bavaria.

Five things not to miss at the Frankfurt Book Fair
Photo: DPA

From consulting a book doctor to immersing yourself in an author's world with the help of virtual reality, here are five things not to miss at this week's Frankfurt Book Fair, the world's largest publishing event.

Sponsored Article
How to vote absentee from abroad in the US elections
10 things you never knew about socialist East Germany
Sponsored Article
Last chance to vote absentee in the US elections
How Germans fell in love with America's favourite squash
How I ditched London for Berlin and became a published author
Sponsored Article
How to vote absentee from abroad in the US elections
12 clever German idioms that'll make you sound like a pro
23 fascinating facts you never knew about Berlin
9 unmissable events to check out in Germany this October
10 things you never knew about German reunification
10 things you're sure to notice after an Oktoberfest visit
Germany's 10 most Instagram-able places
15 pics that prove Germany is absolutely enchanting in autumn
10 German films you have to watch before you die
6 things about Munich that’ll stay with you forever
10 pieces of German slang you'll never learn in class
Ouch! Naked swimmer hospitalized after angler hooks his penis
Six reasons why Berlin is now known as 'the failed city'
15 tell-tale signs you’ll never quite master German
7 American habits that make Germans very, very uncomfortable
Story of a fugitive cow who outwitted police for weeks before capture
Eleven famous Germans with surnames that'll make your sides split
The best ways to get a visa as an American in Germany
jobs available
Toytown Germany
Germany's English-speaking crowd