New report: Is Germany ready for the future?

E3G´s new report “Is Germany ready for the future? The case for action in a climate-changed world.”, supported by EIT Climate-KIC, finds that Germany faces massive and potentially disruptive changes in the coming years. The report assesses the readiness of Germany’s economic, financial and political system in the face of 21st-century challenges, including climate change, digitalisation, a slowing macroeconomy and geopolitical conflicts.

Germany’s prosperity and stability over recent decades have been grounded in a policy of incremental change, committed to preserving the status quo. However, with major disruptive trends in technology, geopolitics, macroeconomics, finance and climate, this approach will no longer work. The question is not if Germany will change, but to what extent it can shape the change and reap the benefits.

In this report, E3G describes this challenge and suggest some policy actions. The following contents are discussed:

• Chapter 1 examines some of the major trends that are reshaping the global economic and political system as well as their links to the climate crisis.

• Chapter 2 takes an in-depth look at the role that the financial sector can play in responding to these challenges.

• Chapter 3 presents case studies on lessons that can be learnt from four other countries.

• Chapter 4 provides a detailed assessment of how the analysed trends are affecting Germany today and how its actions on sustainable finance compare to those of other geographies.

• Chapter 5 makes recommendations on how cross-cutting actions today can help avoid a loss of assets and significant costs of inaction for Germany and the world in the future.

Key Findings

Is Germany ready for the future visual

To successfully find its place in the 21st century, Germany must again confront and acknowledge the social and economic risks that it faces and take control of its destiny through a positive, socially equitable plan that makes the necessary investments in the future. Ambitious climate policy coupled with financial policy innovation can reduce systemic economic risk and ensure competitiveness for German industry, mobilising investment for transformation to a net-zero economy. A cautious reaction of incrementally adapting to a world that is rapidly changing will only lead to more disruptive, less controllable changes in the future. Risk awareness alone will not build prosperity; a positive vision for Germany’s economy and its place in the world, combined with transformative action, is urgently required. Altogether, a set of policies and measures – summarised in “Chapter 5: Recommendations” of the report – can help to make Germany, deeply rooted in the European Union, ready for a fundamentally different future. A future that is climate-safe, digital, geopolitically balanced, and economically successful.

DOWNLOAD THE REPORTGet in touch

About E3G, EIT Climate-KIC partner E3G is an independent climate change think tank accelerating the transition to a climate-safe world. More information on www.e3g.org.

 
Location
Germany
Related Goal
Goal 11: Democratise climate risk information
Articles you may be interested in
In our community
Strengthening community ties and supporting each other through the COVID-19 ...
Strengthening community ties and supporting each other through the COVID-19 crisis
Opinion
The Corona canvas: How to deal with the crisis as a founder
Marc Mogalle & Anje Kluth Business Buddies & EIT Climate-KIC
The Corona canvas: How to deal with the crisis as a founder
In The News
Lilium completes funding round worth over €224 million

EIT Climate-KIC supported Lilium, a Munich-based aviation company developing...

Lilium completes funding round worth over €224 million
In The News
TWAICE raises €11 million series A to power internationalisation efforts and...

EIT Climate-KIC supported TWAICE, a Munich-based battery specialist, has...

TWAICE raises €11 million series A to power internationalisation efforts and scaling
In our community
Madrid: A city turning eco-fictions into eco-futures through systems innovat...
Madrid: A city turning eco-fictions into eco-futures through systems innovation
In The News
EIT Community shines on Forbes 30 under 30 Europe list

Eight EIT Climate-KIC innovators are featured in the prestigious...

EIT Community shines on Forbes 30 under 30 Europe list
Opinion
Trees as infrastructure: Part two
Dark Matter
Trees as infrastructure: Part two
Opinion
Trees as infrastructure: Part one
Dark Matter
Trees as infrastructure: Part one
Opinion
Could COVID-19 usher in massive systemic change?
EIT Climate-KIC Italy
Could COVID-19 usher in massive systemic change?
Opinion
Working during corona lockdown: EIT Climate-KIC Italy sets an example
EIT Climate-KIC Italy
Working during corona lockdown: EIT Climate-KIC Italy sets an example
Innovation Spotlight
How to improve building energy performance without up-front capital

Air-conditioning equipment, office furniture, lighting systems and even floor coverings are being leased, so why can’t a...

How to improve building energy performance without up-front capital
In The News
EU Taxonomy shows the way to net zero by 2050

The Technical Expert Group (TEG) on Sustainable Finance has...

EU Taxonomy shows the way to net zero by 2050
In The News
Regine Kreitz new EIT Climate-KIC Director of Marketing and Communications

Regine Kreitz will join EIT Climate-KIC, the European Union’s...

Regine Kreitz new EIT Climate-KIC Director of Marketing and Communications
In The News
KICs tackling water scarcity in Southern Europe

How EIT and KICs are working to address one...

KICs tackling water scarcity in Southern Europe
In The News
EIT Climate-KIC and partners launch Massive Open Online Course on e-waste

EIT Climate-KIC, together with its partners the UN, the...

EIT Climate-KIC and partners launch Massive Open Online Course on e-waste
In The News
Five EIT Climate-KIC innovators featured in Global Cleantech 100

Five EIT Climate-KIC supported innovative ventures included in the...

Five EIT Climate-KIC innovators featured in Global Cleantech 100
In The News
The journey to zero-emissions transport – part three

The transport sector already accounts for a quarter of...

The journey to zero-emissions transport – part three
In The News
The journey to zero-emissions transport – part two

The transport sector already accounts for a quarter of...

The journey to zero-emissions transport – part two
In The News
The journey to zero-emissions transport – part one

The transport sector already accounts for a quarter of...

The journey to zero-emissions transport – part one
In The News
Malaysia and Estonia win Climathon Global Awards at ChangeNOW summit

The city of Penang, Malaysia, and a team of...

Malaysia and Estonia win Climathon Global Awards at ChangeNOW summit
Opinion
Redesigning venture capital (part III): A hypothesis
Dominic Hofstetter Transformation Capital, EIT Climate-KIC
Redesigning venture capital (part III): A hypothesis
Opinion
The Long Time
Beatrice Pembroke & Ella Saltmarshe Co-founders, The Long Time Project
The Long Time
In our community
Mariana Mazzucato on big-picture, high-ambition innovation missions
Mariana Mazzucato on big-picture, high-ambition innovation missions
In The News
Circular Cars Initiative launched at WEF Davos

The Circular Cars Initiative (CCI), supported by EIT Climate-KIC,...

Circular Cars Initiative launched at WEF Davos
In The News
EIT Climate-KIC CEO selected as a top expert to advise the European Commission

Yesterday, the European Commission announced EIT Climate-KIC CEO Kirsten...

EIT Climate-KIC CEO selected as a top expert to advise the European Commission
In our community
Net zero requires just, inclusive and radical transformations
Net zero requires just, inclusive and radical transformations
Opinion
Redesigning venture capital (part II): A blueprint
Dominic Hofstetter Transformation Capital, EIT Climate-KIC
Redesigning venture capital (part II): A blueprint
In The News
EIT Climate-KIC’s work in Slovenia

Last November, the Slovenian parliament passed a motion to...

EIT Climate-KIC’s work in Slovenia
In The News
Slovenia adopts EIT Climate-KIC Circular, Regenerative Economies Deep Demonstr...

The Slovenian parliament passed a motion to adopt an...

Slovenia adopts EIT Climate-KIC Circular, Regenerative Economies Deep Demonstration
In our community
Cities in a 1.5 degree world: What is there to learn from Leuven’s May...
Cities in a 1.5 degree world: What is there to learn from Leuven’s Mayor Ridouani?