How can the path to climate neutrality still succeed? Two economic experts discuss and present different solutions in a debate. Economic growth and climate neutrality are not compatible, says Ulrike Herrmann. Green energy from sun and wind will never be enough to fuel global growth. Hermann therefore advocates a 'green shrinkage' in order to overcome the climate crisis: Industrialized countries must say goodbye to capitalism and strive for a circular economy in which only what can be recycled is consumed. Achim Wambach, on the other hand, is certain that green growth is both possible and necessary through the further development of climate-friendly technologies: growth and climate policy must be combined and coordinated. He calls for better political framework conditions and more trust in markets that make climate protection economically viable.
Ulrike Herrmann has been a business correspondent for the taz newspaper since 2000 and is a multiple SPIEGEL bestselling author.
Prof. Achim Wambach, PhD, is President of the ZEW - Leibniz Centre for European Economic Research and Professor of Economics at the University of Mannheim.
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