Leading German economist Markus Brunnermeier, currently based at Princeton University and recently consulted by the German government, is questioning the feasibility and effectiveness of Germany’s and the European Union’s climate neutrality goals. In an interview with the “Handelsblatt”, Brunnermeier argued that a more nuanced approach to climate protection is required.
He posits that achieving global climate neutrality hinges on Germany, as a potential leader, developing breakthrough technologies that render climate protection remarkably efficient, fostering worldwide adoption. Brunnermeier cautioned against focusing solely on eliminating every last gram of CO2 within national borders, particularly if this risks damaging domestic industries and discouraging follow-through in other nations. He believes this approach would ultimately be counterproductive.
Beyond the climate neutrality target itself, Brunnermeier expressed a general call for greater governmental reform. He acknowledged a degree of skepticism among the German populace regarding change, suggesting a need to awaken a recognition of the current lack of future viability for the German economy. He advocated for a positive, forward-looking vision for a resilient and competitive German business model.
