The economy and sustainability

09/30/20

International system integration key for energy transition

The Green Deal, the European Commission’s roadmap towards a net-zero and circular economy in 2050, requires that we change the way in which we produce and consume energy. It requires an energy transition that can only succeed if the systems in the energy sector integrate. In this issue we highlight the four aspects that must be considered for a successful integration of energy systems.

Macroeconomic update

As expected, the second quarter macroeconomic results of 2020 marked new lows in various economic indicators. With a quick recovery no longer within reach, the looming question is whether the second half of 2020 will be any better than the first half of the year. In this edition we pay close attention to unemployment, government expenditure, and the impact of economic shortfall on the Sustainable Development Goals.

Country update Germany

Government measures to curb the economic impact of COVID-19 have also in Germany substantially influenced unemployment, insolvency, and consumption figures. Looking ahead, the economic stabilization of Germany’s trade partners and the phase-out of the temporary government measures will be key determinants of the economic developments for the rest of 2020 and beyond.