Danijel Višević’s Post

Economic growth and strength are quintessential to combat climate change, not only for industrialized countries, but even more so for the least developed countries. The fact that Europe has fallen behind the United States in terms of economic performance must thus not be ignored in European climate policy. Europe should strive not (only) to be a pioneer, but rather serve as a role model for other countries by combining the necessary transformation with preserving and increasing economic strength. More about this in my new article for Handelsblatt (in German).

https://lnkd.in/dHe5ZFrs More good news from our business leaders in Germany!!! (Including Wacker of course) The "Stiftung KlimaWirtschaft" launched an appeal of over 50 leading companies from Germany. The companies see the transformation to climate neutrality as a clear opportunity to achieve long-term economic success in Germany. What is needed is for the German government and the democratic opposition to join forces!!! The appeal also makes it clear that the new right is threatening our democracy and Germany as a business location. More than 50 German companies have addressed politicians in a joint appeal on the initiative. In the paper entitled "The transformation as the project of the century", the companies commit to Germany as a business location and to the climate targets. At the same time, the appeal emphasizes that far-right forces threaten democracy and Germany's economic performance.

"The concern for competitiveness has never been this severe" (translation), said Achim Dercks from the German Chambers of Commerce and Industry (DIHK). In a survey conducted of about 3600 companies, 52% have rated #Climateneutrality as a 'Negative' for the business activities. The most affected have been the energy-intensive industry. The industry has requested a reduction in electricity price and an increase in the availability of carbon-neutral fuels, such as #hydrogen. These requests come amidst the growing concerns for foreign competition and potentiality of moving operations out of #Germany. As German economy shows signs of slowing down, largely impacted by the Russian-led war on Ukraine and the accompanying energy crisis, and additional pressures from the US #InflationReductionAct (IRA) is not helping either. It is worth seeing how the situation develops over the next few months and how the key players react. (In German)

Tomorrow, the EU Commission proposes a new 2040 #climate target. A 90% pathway can benefit industrial #competitiveness, energy security and job creation. It can become a blueprint for a new prosperity agenda and EU Industrial Strategy as "twin" to the European Green Deal. Strengthening green tech manufacturing in the EU can help industry compete against China and the US and it can re-industrialise regions that face multiple transitions. Read more in my latest OpEd here (in German): https://lnkd.in/e34Ju7nc

To the point! The EU's descent agenda consists of 5 pillars which, when added together, have a toxic effect on Europe's prosperity: 1. Climate policy in Europe is (not) achieving its ecological goals at the expense of wealth creation: Green regulation requires enormous economic resources and yet has not been able to stop the growth in global CO2 emissions, mainly due to the global dimension of the problem. 2. Deindustrialization is accepted as part of the "transformation": Ex-BASF CEO Martin Brudermüller says with regard to the high energy prices in Germany: "We make profits everywhere in the world, except in Germany. The Ludwigshafen site is making a loss of 1.6 billion." 3.  Private value creation is replaced by state activity: The government share, has been rising and rising to 50%+. "DDR 2.0" 4. Governments try to smooth the economic cycle with taxpayers' money: Catchphrase "whatever it takes". 5. High taxes and government debt restrict private scope for action: In Europe, the decision has been made to go both ways, highest taxes are combined with high government deficits. This is reflected in the significantly higher government spending ratio with low growth rates. https://lnkd.in/eHRi69DE

The multilateral system with the United Nations at its center is facing a crisis of confidence. A profound reform is needed. As the United Nations Summit of the Future approaches this September, what are the prospects for meaningful progress across key issues on the #multilateral #agenda? Read our new Country Report, "Summit of the Future: Disillusionment instead of optimism" for an assessment of the process, highlighting the special role of #Germany in the run-up to the Summit: Check out the full report here: https://lnkd.in/e5JKFCQu

There will be no climate transition without massive public intervention since only public bodies can take into account massive risks over middle-to-long term. This means public money flowing to private activities and potential conflicts of interest. Here👇, hydrogen in Germany. Via Transparency International Deutschland e.V.

AN ANSWER AFTER 10 YEARS OF "NEW SILK ROAD"- OK, US TOO "Emerging markets need infrastructure and markets, not curtain sermons on democracy. Beijing knows this." NEW SILK ROAD "Since 2013, the name New Silk Road has been used to describe projects to build and expand intercontinental trade and infrastructure networks between the People's Republic of China and more than 60 other countries in Africa, Asia and Europe. The name was chosen in reference to the historic Silk Road. The official Chinese name for the projects is "One Belt, One Road", from which the English term Belt and Road Initiative (BRI) is derived. Parallel and competing projects to the New Silk Road are the EU-Asia Connectivity Strategy and the Europe-Caucasus-Asia Transport Corridor (TRACECA)." https://lnkd.in/eAdDQt2z IMEC - "INDIA-MIDDLE EAST-EUROPE ECONOMIC CORRIDOR" "In times of crisis and disaster, vision is especially important. Europe, the U.S. and India long looked perplexed at Beijing's "New Silk Road" strategy. Now the democracies have a similar idea. But they need all their strength for this project, called IMEC. And so the political vision of creating a link from India via Arabia to Europe with American support also gives rise to hope. Freight trains would then travel through this corridor, hydrogen would flow and data would whirr. Democratic Europe and the emerging superpower would be connected, and the Arabian Peninsula would benefit as a bridge between East and West." THE PROPOSAL IS AN OVERDUE SIGNAL TO BEIJING "A summit on the New Silk Road (BRI), which Premier Xi Jinping proclaimed a decade ago, will convene in Hong Kong from Wednesday. In return, the United States previously promoted individual initiatives, while the EU announced the "Global Gateway" strategy. It has been promised 300 billion euros, but still little content. Now a democratic alliance around Brussels, Washington and New Delhi seems to have found a common answer to the Silk Road. Italy is switching fronts from the New Silk Road back to the democratic camp." MY2CENTS Ten years is half an eternity, but the answer is not surprising. HESITANTLY and ONLY WHEN YOU ARE FORCED BY OTHERS (FACTS) WILL SOMETHING HAPPEN. The West is just GREEDY, meaning profiteers, and in love with the sound of its own voice, as MORALIZER. PROFITS OUTWEIGH EFFICIENCY Who cares about the rest of the world, as long as I am only concerned with myself and desperate to rediscover my own identity, through surveys! The German combustion car industry will no longer exist in 10 years, China's electric cars including battery technology are already leading, in computers & AI we have long been left behind and nuclear power is frowned upon. CHINA IS AHEAD OF THE USA IN MOST TECHNOLOGY AREAS - IS THIS A GAGARIN MOMENT? https://lnkd.in/eJxUTt5F CHINA NEED NOT WORRY, BUT OTHERS MUST WORRY ABOUT CHINA https://lnkd.in/eX6YAr4s LONG-TERM ROI PREVENTS INNOVATION OF GOING INTO PRODUCTION https://lnkd.in/en6EnQCM https://lnkd.in/eZUrrkvB

Happy to see the German Climate Foreign Policy Strategy published today, providing a cross government, unified approach to tackle the #climatecrisis. An important focus on #partnerships, international financial architecture reform and industrial transformation are examples of areas where Germany can have a huge global impact. The strategy must now turn from words into action. All ministries must be aligned with the goals of the strategy and all coalition partners accountable. A clear roadmap and benchmarks for implementation, along with robust, independent review and evaluation mechanisms must now follow. Read more below 👇 In German: https://lnkd.in/eGHjP2rD In English: https://lnkd.in/ePg4T9sd