Dear members and friends of the BM&A,
For some years now, we have been dealing with digitalization, a cross-cutting issue that is changing all areas of life, including M&A. Corona is now bearing down on us and a climate catastrophe is looming on the horizon that we must face up to. The inevitable transformations include the restructuring of society, the economy and companies. And they will inevitably be reflected in M&A.
I am most concerned about the energy transition: Germany has maneuvered itself into an almost hopeless energy supply situation through radical decisions and our glaring weaknesses in implementation. Here is my summary:
The German energy dilemma
In accordance with the Paris Climate Agreement of 2015, Germany has committed to becoming greenhouse gas neutral by 2050. Since then, we have been struggling to accelerate the phase-out. As early as 1972, the Club of Rome warned of the limits to growth and referred to the environmental problems. Since the 1980s, the German nuclear industry has been withdrawing from “nuclear energy”. In 2011, the German government decided to phase out nuclear power. The last reactors will be taken off the grid next year.
In view of the dramatic nature of climate change, calls for a CO2-free energy industry are morally fully justified. In other words, a total phase-out of coal, oil and natural gas. Read more…
In an in-depth working paper, I have specified the challenges and attempted to point out possible solutions. I am happy to provide you with the paper (approx. 60 pages) free of charge. You can request it via my e-mail address kai.lucks@merger-mi. I would be happy to receive your suggestions.
