Major German Businesses Demand Ambitious Implementation of Paris Agreement

More than 40 major businesses and trade associations are demanding more climate ambition and a bold implementation of the Paris Climate Agreement in Germany. The companies, from a large variety of sectors, are encouraging the German government to adopt a long-term Decarbonisation Plan with a climate target at the upper end of the current target range of an 80 to 95 per cent reduction in greenhouse gases by 2050. Businesses need interim sector targets for the power, buildings, industry, transport and agriculture sectors, write the signatories, amongst them the construction major Hochtief, the electricity producer EnBW, the retailer Metro and Commerzbank. The declaration was coordinated by the business associations Foundation 2° and B.A.U.M. as well as the development and environment NGO Germanwatch.