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A current position paper by the FIRM Round Table ESG examines this question. The key statements are summarized in a guest article by Til Buender and Nicholas Martin – published today in the Börsen-Zeitung.

The fact is that climate change affects almost all sectors and the measures to combat it must be effective and sustainable. The approaches to this are very different in the EU and the USA.

In short, the EU focuses on regulation, the USA on promoting innovation. This has an impact, not only on climate policy, but also on the economy and competitiveness.

The authors’ appeal: The EU must further develop its political framework conditions in such a way that the climate targets are achieved and competitiveness is secured at the same time.