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a investment. warm welcome to the programme. a warm welcome to the programme. good morning. sounds like a bit of a mess in germany in terms of trying to sort out the money matters so they can go ahead with much needed spending, your take? go ahead with much needed spending, yourtake? it is go ahead with much needed spending, your take?- spending, your take? it is a mess something spending, your take? it is a mess something that - spending, your take? it is a mess something that the i mess something that the introduction said is self imposed, this constitutional break supposed to be stopping undue spending and returning to balanced budget, it was introduced into 2009 at a time when germany thought it could beat off the rest of the world in terms of its own economic competitiveness, it ought then the euro crisis would not be something that would be hugely problematic for it. so it had built into the constitution its commitment, to have a balanced budget every year. and ....
fossil fuel leading companies economywide not there. first reaction of heavy fossil fuel leading company economy wide response. scrutiny is good, discussion is good, the more people involved in taking action and engaging in climate change is by far the better. the more private sector engagement in this issue is better than what we saw 10, 20, 30 years ago when it was a very governmental driven process. if we go back, at cop27 a loss and damage fund was agreed upon for richer countries to pay the poorer countries which were suffering the impacts of climate change. how do you see that working out, because that has been one of the numerous sticking points? the private sector needs to get far more engaged in discussion around adaptation to finance too. loss and damage just one element that is going to help build more resilient society. insurance needs to be more engaged, project developments, fiancing and constructing. particularly in asia, as it urbanises and develops econ ....
is good, discussion is good, the more people involved in taking action and engaging in climate change is by far the better, the more private sector engagement in this issue is better than what we saw ten, 20, 30 years better than what we saw ten, 20,30 years ago when it better than what we saw ten, 20, 30 years ago when it was government driven process. it government driven process. if we go back there at cop27, a loss and damage fund was agreed upon for richer countries to pay poor countries which were suffering the impacts of climate change. how do you see that working out, because that has been run of the numerous sticking points? the has been run of the numerous sticking points? sticking points? the private sector needs sticking points? the private sector needs to sticking points? the private sector needs to get - sticking points? the private sector needs to get far - sticking points? the private| sector needs to get far more engaged. loss and damagejust one el ....
cannot avoid having heavy fossilfuel cannot avoid having heavy fossil fuel leading companies companywide not there. scrutiny is good, discussion is good, the more people involved in taking action and engaging in climate change is by far the better. the more private sector engagement in this issue is better than what we saw 10, 20, 30 years ago when it was a very governmental driven process. if we go back, at cop27 a loss and damage fund was agreed upon for richer countries to pay the poorer countries which were suffering the impacts of climate change. how do you see that working out, because that has been run of the numerous sticking points? the private sector needs to get far more engaged in discussion around adaptation finance too. loss and damage just one element that is going to help more resilient society. insurance needs to be more engaged, project developments, fiancing and constructing. particularly in asia, as it urbanises and develops economies quite quickly. ....