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ifo Institute study projects ban on combustion engines in 2030 would affect 600K jobs in German manufacturing

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Based on the structure of production in 2015, at least 457,000 employees are involved in producing types of products which would be directly affected by the ban (e.g., This additional (renewable) electricity demand increase would amount to around 7.6% Both are necessary if ambitious climate goals are to be achieved.

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Perspective: Regional Greenhouse Gas Cap-and-Trade Programs May be the Solution

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The legislation would also provide new incentives for domestic oil and gas drilling, nuclear power plant construction, carbon capture and storage, and renewable energy sources like wind and solar. In 2015–expanded to emissions from residential, commercial, and other industrial combustion, and transportation fuels.

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