Reaching Climate Neutrality for the Hamburg Economy by 2040
Reaching climate neutrality requires economic transformations of unprecedented scale
and speed. Immediate action from the business community can avoid unnecessary costs,
create wellbeing co-benefits and prepare local businesses with a better competitive
position in the future climate neutral economy. This report shows what reaching climate
neutrality by 2040 means for Hamburg businesses and identifies key actions they need
to undertake. It provides insights where the Hamburg economy and its businesses stand
on the way to climate neutrality and on their needs to advance, drawing on a business
survey. The study also shares insights from action plans of selected comparison cities.
It points to cross-sector as well as to sector-specific challenges and opportunities
for Hamburg businesses. This includes making better use of low-cost renewables, addressing
energy efficiency in buildings as well as challenges and opportunities in activities
in and around the port and in industry. It highlights Hamburg's potential as a hydrogen
hub as well as the need to adopt circular economy practices. It illustrates that a
regional and business perspective are necessary to achieve climate neutrality in prosperity,
requiring individual and collective business action.
Available from January 26, 2024
In series:OECD Regional Development Studiesview more titles