On the way to climate neutrality: Scenarios can facilitate the transition of companies and the financial sector

• Published in: DIW weekly report Vol. 13; no. 25; pp. 183 - 190
• Main Authors: Ballesteros, Fernanda, Hüttel, Alexandra, Neuhoff, Karsten, Marchewitz, Catherine
• Format: Journal Article
• Language: English
• Published: Berlin Deutsches Institut für Wirtschaftsforschung (DIW) 2023
• Subjects: forward-looking reporting; net zero; Scenario analysis; transition plans; transition risks

In its Federal Climate Change Act, Germany has committed to achieving climate neutrality by 2045. To do so, companies from both the industrial and the service sectors must adjust their production and business practices, and financial institutions must adjust their evaluation criteria. In many cases,...