Talking point
UN Climate Change Conference in Paris: Between optimism and realism
Roughly 150 countries have submitted their national climate protection commitments in the run-up to the United Nations Climate Change Conference in Paris. While these commitments will probably not suffice to meet the 2°C target, related assessments are very favourable nonetheless. Obviously, the bottom-up approach, that is to say the voluntary national climate protection commitments, promises greater progress than the globally coordinated negotiated solution targeted at past UN climate conferences. There is an awareness that the current proposals have shortcomings as regards the 2°C target, but there are hopes that the individual countries will aim for more ambitious targets over the next few years. Sentiment is thus swinging between optimism and realism. Considering the growing demand for energy, the international community is clearly only just beginning to encounter the real challenges of climate protection. [more]
Logistics in Germany: Only modest growth in the near term
The logistics sector in Germany is characterised by innovative and diversified companies as well as very good location factors. There are, however, economic and structural factors which suggest that turnover growth will be relatively moderate over the next few years. Between 2003 and 2008 sector turnover grew by a nominal 4.6% per year. Following the recession, that is from 2009 to 2014, the growth rate dropped to 3.4% p.a. (while the inflation rate was somewhat lower). Over the next five years average annualised nominal turnover growth is likely to be more in the range of between 2% and 3%. This would propel sector turnover through the EUR 300 bn barrier. The logistics sector will remain a focus of state regulation; this is true particularly of the important transport segment. [more]
Hot off the press
German companies in Latin America: How have they fared?
German foreign direct investment (FDI) is increasingly located in emerging markets. Improved macro-economic conditions and a superior growth outlook have been the main reasons for the rising importance of emerging markets as a destination for German FDI in recent years. Latin America holds a relatively stable share of close to 5% in the outward stock of German investment, equivalent to some EUR 42 bn. However, the deterioration in growth prospects in some Latin American countries might have negative consequences for German FDI in the region. [more]
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