Joint report: From the Financial Crisis to Sustainability

Press conference
Berlin, October 26, 2009; 11 a.m.

Haus der Bundespressekonferenz
Schiffbauerdamm 40 / corner Reinhardtstraße 55
10117 Berlin

The report “From the Financial Crisis to Sustainability” documents an approach to climate policy based on macro-economic opportunities in GermanyFull employment models of the neoclassical brand suggest that climate policy is faced with a trade-off between future benefits and present costs. However, the situation of Germany after the global financial crisis cannot be grasped by such models, as its situation is characterized by both unemployment and underinvestment. More advanced models can be used to identify opportunities for win-win situations in climate policy. A new report on behalf of the German ministry of the environment spells out these opportunities and describes in detail a strategy to reallize them.

The report has been produced by researchers at the Potsdam Institute for Climate Impact Research (PIK), the Macroeconomic Policy Institute (IMK) in Düsseldorf, and the Kiel Institute for the World Economy (IfW) in a consortium coordinated by the European Climate Forum (ECF).