German companies to invest more money in reducing their CO2 emissions as a company in any other European country.
In the past year have been inserted from the European stock exchange companies, a total of 124 billion euros in the reduction of their CO2 emissions, or investments announced. Most of them had gone with the 65 billion in research and development, a further 59 billion in low-CO2 technologies, said the Non-Profit organization, CDP (Carbon Disclosure Project) in Paris. CDP collects data on emissions and climate strategies of companies.
German companies in the climate investment space 1- In Germany-invested enterprises 44.4 billion euros at the most and provide about a third of the total investment.
- Spain reached 37.9 billion euros place.
- Italy occupied with 24.3 billion euros, third place.
- France, with investments in the amount of 6.0 billion euros, while significantly behind the stage winners, occupied fourth place.
- Denmark, with its investment of over EUR 4.5 billion, is ranked fifth.
- In the UK, where this years climate change conference is to take place, were only invested € 4.0 billion. Due to the large share of the service sector in the local economy that produces little emissions. This puts the UK in sixth place.
The Executive CDP Europe Director Steven Tebbe, the Numbers are encouraging: "This report shows that some are taking the transition seriously," he explained. For 2019, reported investments in emission reduction have led probably to a long term of 2.4 gigatonnes of CO2 Equivalent could be saved - the equivalent to the annual emissions of Germany, France, Italy, great Britain and Poland. While European investments fell compared to the previous year by almost a third. According to the CDP, but it is especially on larger one-time investment, which have already been made by 2018.
The reported investment, particularly in the sectors of Transport, energy and raw materials - including renewable energy or electric vehicles. Only 10% of the money is being used elsewhere.
The report is composed of 882 European firms reported data, their emissions to the CDP information three-quarters of the total EU emissions correspond to. Among them, 69 German companies such as Adidas, BASF, BMW, Deutsche Bahn, E. on, Hochtief, SAP and VW.
climate protection makes economic sense - investment must, however,climbing companies play according to the CDP, an enormously important role in whether the EU can meet its climate change targets or not. Overall, the level of investment was, however, still too low, complained Tebbe. To achieve the EU climate target of CO2 neutrality by 2050, would have to be doubled spending the investment for CO2-carbon technologies, more than. The investment in this area would have to be increased from the current level of 59 to 122 billion Euro per year.
From an economic point of view results in one clear sense, said Tebbe. The business opportunities in the development of low-CO2 products and services will be appreciated by the companies to more than 1.2 trillion euros. This value was six Times as high as the associated investment costs.
Where is Corona Virus? Real-time map shows the spread of the disease, FOCUS Online/Wochit Where occurs the Corona Virus? Real-time map showing the spread of the disease
as/dpa Date Of Update: 25 February 2020, 20:00
