Deutsche Bank – Responsibility
January 28, 2014

Carbon Leakage: A barely perceptible process

Germany pursues ambitious energy and climate policy objectives and is thus a trailblazer in these fields internationally. However, the faltering UN climate protection process shows that other countries are not following Germany's lead or are moving at a slower pace.

Energy intensity falling worldwide

In Germany, a barely perceptible process of de-industrialisation has already begun in energy-intensive sectors. CO2 emissions are shifting from Germany to other countries.

In order to stop the barely perceptible process of de-industrialisation and carbon leakage, Germany should either join forces with Europe to achieve faster progress and more stringent targets in international climate protection or else curb its own pace. At the very least, Germany has to seek to make its Energiewende more efficient. Moreover, energy-intensive companies are going to require exemption regimes in the future, too.

Read the full publication here

Eric Heymann

“At the very least, Germany has to seek to make its Energie­wende more effi­cient.”

Eric Heymann Senior economist at DB Research, co-author of study

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