Radermacher: “We Are Going to Experience a Massive Loss of Prosperity”

Our society is currently facing a multitude of challenges – from the climate and energy crises to the war in Ukraine and sharply rising prices. In an interview with the magazine Wirtschaft im Südwesten (published by the Chambers of Industry and Commerce in the Freiburg administrative district), Prof. Radermacher discusses the consequences he expects from the current developments.

“One problem is that everything is urgent. The nature of these issues doesn’t allow us to tackle them one by one.” The key challenge, he explains, is to distinguish between strategies that primarily benefit wealthy countries and those that truly help the climate. As potential solutions, Prof. Radermacher highlights Carbon Capture Usage and Storage (CCUS) – capturing, utilizing, and storing CO₂ – as well as Nature-Based Solutions, such as reforestation, humus formation, rainforest protection, and related measures.

The full interview – which also covers topics such as the usefulness of the Supply Chain Due Diligence Act and whether expanding renewable energy can solve our problems – can be found here.

Image source: Cup of Couple (Pexels)