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15 Jan 2019, 12:01
Julian Wettengel

German businesses support plans for climate action law

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German businesses support the planned federal climate action law, because it would provide them with important framework conditions, Michael Otto, chairman of the board of the Otto Group and chairman of the board of trustees at business initiative Foundation 2掳 (Stiftung 2掳) writes . 鈥淔or industry, climate action is very significant: If realised early enough, it can be an important driver of innovation and create important new markets all over the world,鈥 Otto writes. He adds that he鈥檚 convinced most German businesses see climate action as an opportunity. In its 2018 coalition agreement, the government said it would introduce a federal climate action law aimed at making 2030 sectoral emissions targets in line with the Paris Agreement binding, by the end of 2019.

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