In a new strategy paper released by Germany’s environment minister on Monday, Sigmar Gabriel said new technologies in the fight against climate change and environmental pollution should become a central pillar of the German economy. “This is about many thousands of billions of euros and environmental markets that are going to be decisive in the 21st century,” he told reporters in Berlin at the presentation of the paper called “Memorandum for a New Deal between Business, Environmental and Employment.” He said gas-saving cars, clean power plants and recycling technologies must be recognized as the booming markets of the future and suggested creating an “industrial cabinet,” which would provide market stimuli for innovation in the green sector. Gabriel said investing in environmental technologies would result in a “double dividend,” since it would protect the environment while earning green-oriented German firms billions. Germany is already one of the world leaders in green technology, which puts the country in a strong position to lead in sectors such as renewable energy, fuel and energy-saving devices and clear power plants which produce very little or no carbon dioxide emissions, which are largely responsible for climate change. “Instead of hindering markets and their growth, we have… Read full this story
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