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Prof. Radermacher Elected Honorary President of the Senate of Economy

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After eleven years serving as President of the Senate of Economy, Prof. Dr. Dr. Dr. h.c. Radermacher did not stand for re-election to this position and was elected Honorary President with a large majority during a digital members’ assembly on February 19, 2021. In addition, Prof. Radermacher continues to serve as Vice President on the Executive Board of the Senate e.V.

The Senate of Economy Germany e.V. and the Senate of Economy Foundation currently include more than 900 leading figures from various sectors of society – among them representatives from business, science, and culture as well as politics, diplomacy, and public life. The Senate is entirely oriented toward the common good and does not represent the individual interests of companies or industries.

The goal of the Senate is to develop solutions for the major challenges of our time. These include promoting an eco-social market economy on both national and international levels, with a focus on ecological sustainability, as well as supporting Germany as a business location. Over the past years, many of the Senate’s initiatives have been taken up by parliaments and governments and translated into real policy.

During his presidency, Prof. Radermacher played a decisive role in shaping the goals of the Senate. Through discussions and events with government officials, leading politicians, and scientists, he represented the interests of both the Senate and the FAW/n. In appreciation of his work, a video clip was created highlighting some of the most memorable moments from his presidency

The Senate of Economy Foundation for Common Good–Oriented Policy is one of the founding donors of the FAW/n. Through this generous support, the institute’s research work is made possible

Further information:

Website of the Senate of Economy

Image source: © Thomas Klink / T. Klink – Fotografie, Senat der Wirtschaft

More Forests, Less Climate Change

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An Important Building Block of the Alliance for Development and Climate

At the official press conference held at the Federal Press Conference in Berlin, Federal Minister Dr. Gerd Müller, Plant-for-the-Planet, FAW/n, and the Senate of Economy Germany presented a study from ETH Zurich. The study demonstrates that large-scale global reforestation has the potential to reduce global warming by up to 1 degree Celsius.

Federal Press Conference on Reducing Global Warming through Forest Restoration, July 3, 2019

Reforestation and forest conservation are key project categories of the Alliance for Development and Climate, which was launched by the German Federal Ministry for Economic Cooperation and Development (BMZ), together with GIZ and FAW/n. Supporters of the Alliance contribute voluntarily to help preserve forest areas in developing countries and remove CO₂ from the atmosphere through reforestation. Projects that promote humus formation in agriculture, develop renewable energy sources, or expand the use of efficient cookstoves achieve the same effect. In addition, these projects generate enormous co-benefits for sustainable development and the United Nations’ Sustainable Development Goals (SDGs).

The fact that so much forest is still being lost, too little reforestation is taking place, and insufficient progress is being made in development is largely due to a lack of financial resources. Public funds alone are not enough to meet the challenges ahead. That is why the Alliance for Development and Climate brings together private-sector actors whose goal is to become climate neutral in the long term. Recently, Robert Bosch GmbH announced that it intends to operate climate-neutrally as of 2020. The company invests around one billion euros annually to achieve this goal, using high-quality climate protection and development projects in developing countries.

In July, Federal Minister Müller will travel to Brazil to discuss, among other things, the fastest measure against climate change — forest conservation — with the responsible ministers there.

Image source: pixabay/Bergadder