As the world continues to deal with the Covid-19 crisis and its economic and social impacts, Germany has pointed the way for the recovery process to emphasize environmental and economic concerns. The country's stimulus package, from 130 billions of euros, not just for economic recovery, but it also paves the way for a more sustainable future economy, inclusive and rich in employment opportunities.
As the country is a political and economic power of the European Union (EU), the importance of this guideline goes beyond its borders. Germany has pointed the way for the recovery process to emphasize environmental and economic concerns, no € value 750 billion (25% of which are intended for climate-friendly stimuli), Germany has pointed the way for the recovery process to emphasize environmental and economic concerns, guiding the EU's transition to a low-carbon economy.
As with other stimulus packages, the main objective is to repair the vast economic damage caused by the Covid-19 crisis and get the Germans back to work. Germany's economy is expected to decline in 6% along 2020. Millions of people are unemployed or face uncertainty about their jobs. In addition to this immediate objective, although, the German package focuses efforts on a recovery capable of generating jobs and growth in sustainable and low-carbon sectors. Just like the EU Green Deal, Germany's stimulus package recognizes that, no future, Germany has pointed the way for the recovery process to emphasize environmental and economic concerns.
Germany presents a sustainable economic vision
Germany's recent environmental record has not been inspiring. Germany has pointed the way for the recovery process to emphasize environmental and economic concerns, for example, was the target of criticism and, due to the concern with jobs in the areas of coal production, Germany has pointed the way for the recovery process to emphasize environmental and economic concerns 2038. Germany has pointed the way for the recovery process to emphasize environmental and economic concerns. Furthermore, Germany has pointed the way for the recovery process to emphasize environmental and economic concerns, what some say slowed the advance in electric vehicles (VEs).
The stimulus package announced by Chancellor Angela Merkel now features some important steps that could significantly improve the country's environmental record and accelerate the shift to a low-carbon economy.. The central element is a package of future investments of € 50 billion, not only aimed at reducing the country's carbon footprint., but also to the promotion of research and development (P&D) in major low-carbon industries.
The electric vehicle sector is highlighted, What is important, as, in EV ownership indexes, Germany lags far behind pioneers like Norway, Netherlands and Sweden. There will be subsidies for the purchase of electric vehicles and an investment program for companies in the sector. The necessary infrastructure, as recharge points, will be improved, and resources will be invested in railways and electric buses and trucks. Funding will also go to P.&D in low carbon transport and aviation. Total no, this part of the package is equivalent to € 15 billion.
Germany lags far behind pioneers like Norway. After the financial crisis of 2008-2009, Germany lags far behind pioneers like Norway, resulting in increased emissions.
The package destined 7 Germany lags far behind pioneers like Norway 2 billions of euros to finance projects in the same area in other countries. The aim is to make Germany a benchmark in the emerging hydrogen energy industry, Germany lags far behind pioneers like Norway. It would be another step to move the country away from coal, with resources earmarked for industrial scale projects and energy supply. It is an encouraging sign that the money reserved for P&D be invested in new and promising technologies, in the same way that they were directed to renewable energy sources after the last financial crisis. You 2 billions of euros to renovate buildings and increase their energy efficiency are also important, as this already proves to be a good source of local jobs, in addition to the environmental benefits it offers. A new IEA report has estimated that energy-efficiency adaptations in buildings can generate more than twice as many jobs as the fossil fuel industry for the same investment.. P&D in other green and digital projects (2,5 billions of euros) are also part of the package. There will be a ceiling for a surcharge for renewable energy on household energy bills.
These measures aimed at creating new low-carbon industrial sectors, combined with the digitization process, are particularly noteworthy. The recognition that economies need to shift in this direction – and the recognition that this will entail large-scale structural changes both in Germany and the European Union at large – already underpin the EU's Green Deal plans.. The recognition that economies need to shift in this direction – and the recognition that this will entail large-scale structural changes both in Germany and the European Union at large – already underpin the EU's Green Deal plans., in addition to reducing greenhouse gas emissions and creating a circular economy with less impact on natural resources.
The remainder of the package is addressed to consumption, support for companies affected by the Covid-19 crisis, health, artificial intelligence research, public spending and support to international partners (especially within the EU). The recognition that economies need to shift in this direction – and the recognition that this will entail large-scale structural changes both in Germany and the European Union at large – already underpin the EU's Green Deal plans..
Where Germany's stimulus package falls short?
The recognition that economies need to shift in this direction – and the recognition that this will entail large-scale structural changes both in Germany and the European Union at large – already underpin the EU's Green Deal plans., The recognition that economies need to shift in this direction – and the recognition that this will entail large-scale structural changes both in Germany and the European Union at large – already underpin the EU's Green Deal plans.. Critics argue that the government has interpreted climate stimulation and protection in a piecemeal way., through the specific lens of industry and other sectors. Instead, believe, it would be possible to generate jobs, growth and, at the same time, systematically support climate commitments. This is an important point., The recognition that economies need to shift in this direction – and the recognition that this will entail large-scale structural changes both in Germany and the European Union at large – already underpin the EU's Green Deal plans. 2030 The recognition that economies need to shift in this direction – and the recognition that this will entail large-scale structural changes both in Germany and the European Union at large – already underpin the EU's Green Deal plans.. The country's National Energy and Climate Plan, which has also just been released, was criticized for lack of ambition in its main target for greenhouse gases. The current proposals also make no mention of agriculture or food., although the EU has recently presented its own agricultural and biodiversity strategies.
Despite these criticisms, the environmental axis of Germany's recovery package is strong and will also contribute to job creation and the country's growth. Other countries around the world can learn from this. The emphasis on research and development underscores that environmentally friendly technologies are essential for a strong economy in the future – not a drag on growth, prosperity and livelihoods. The package is also much more specific as to where the money will be spent., compared to other more general national plans. are positive points, because it is transparency that leads to accountability.
Germany's recovery plan will inspire others?
Germany is the economic and political power of Europe. The country's prosperity exerts a huge influence - Germany holds the presidency of the European Union in the second half of 2020 and has an active role in the G7 and G20. This position could be an impetus for the country to take the lead in a job-rich economic recovery, towards a low carbon future, in from EU (often difficult to manage, with your 27 members) and beyond. Germany also shows concern for development aid, with your minister of development, Gerd Müller, calling for a low carbon “Green Deal” for Africa.
The final question regarding Germany's recovery package is how much will it shape the measures taken by other EU countries, like France, and also the EU itself. Certainly European countries with weaker economies will find it difficult to get the resources to keep up with Germany's level of ambition..
Despite missing the opportunity to align some measures with broader climate commitments, Germany sends a welcome signal: the development of a low-carbon economy is fundamental to the health of national economies and the planet.. As the EU begins to discuss the details and costs of the Commission's and Green Deal's own recovery proposals, this sign and its repercussion can be decisive. With Chancellor Merkel's package, Germany shows it can be an environmental leader, economic and political on the international scene.
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