The International Energy Agency (IEA) published an in-depth report on 5.5.2021 on the supply situation of mineral commodities for the extraction of copper, lithium, nickel, cobalt and rare earths for the transformation process of the energy transition. The underlying trade markets are characterized by high growth, increasing price volatility, geopolitical interests, and supply disruptions with highly geographically concentrated and unsustainable production, he said. This could slow down the processes of climate change and make them significantly more expensive. This would create additional risks for the expansion of renewable energies and electromobility.

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Biodiversity and business – Biodiversity and the associated ecosystem services are the basis of societal well-being and prosperity and thus also the economic basis of almost all businesses.
Various risks to business are to be expected:

• Physical operational risks
• Market risks
• Reputational risks
• Financing risks

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A future in which nature and the climate are protected, fewer people suffer hardship and society holds together – that’s what Germany wants to contribute to with its sustainability strategy. It has now been relaunched and is setting the pace for the energy transition and climate protection.

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In a first statement, the German Council for Sustainable Development welcomes the fundamental general overhaul of the German sustainability strategy. “It is particularly important that the Federal Government has for the first time identified so-called transformation areas,” says Dr Werner Schnappauf, Chairman of the German Council for Sustainable Development (RNE). “Climate neutrality thus moves to the centre of sustainability policy, but land consumption and broadband expansion, for example, are also given high priority.”

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To make it easier for SMEs to implement digitization, the new “Digital Now – Investment Support for SMEs” funding program offers financial grants to stimulate corresponding investments in small and medium-sized enterprises – including craft enterprises and the liberal professions.

 

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