0:00:00-0:00:54 Intro & clips 0:00:55-0:09:50 Welcome and introduction by Prof. Dr. Christoph A. Schaltegger 0:09:51-1:35:29 Lecture by Prof. Dr. Dr. hc mult. Hans-Werner Sinn 1:35:30-1:41:31 Commentary by Dr. Alexandra Janssen from a Swiss perspective Going it alone in climate policy does not serve the cause, said Prof. Dr. Dr. hc mult. Hans-Werner Sinn on September 6, 2023 in his lecture in the packed auditorium of the University of Lucerne. But Germany in particular is in the process of taking the lead with a policy of bans and renunciation. Germany will have shut down its last nuclear power plants in 2023, no new oil heating systems will be allowed to be installed from 2024, and the "end of combustion engines" has been decided for 2035. A simple economic analysis shows that all of these measures will not help climate protection, says the former ifo president. Other countries should therefore not follow Germany's example. Website: https://www.iwp.swiss/ Linkedin: / iwp-swiss #EnergyPolicy #Energy #Climate #CO2 #Savings #Bans #ClimateClub #Nordhaus #HansWernerSinn #Economy #EnvironmentalEconomics #Crisis #EnergyTransition #RenewableEnergy #GreenParadox Soundcode: DTNRKVJFXTSBRAZ0 Unilateral restrictions on oil demand, as imposed by Europe with the combustion engine ban, are ineffective. It follows that they alone do not achieve anything. Prices are falling, and when prices fall, others buy, and unfortunately the others are also the very competitors who need it for their industry. That means that if the Europeans stop buying oil, they are helping the Chinese, who will then be happy to use it for their industrial boom. The Chinese need everything; they make wind turbines, they make solar energy, they make coal, they do everything they can to get energy from. Mr. Federal Councilor, Mr. State Secretary, Mr. Ambassador, Dear colleagues, Ladies and gentlemen, Dear students, Welcome to the Institute for Swiss Economic Policy, IWP, Welcome to the University of Lucerne. It is a great pleasure for me to be able to welcome you all here in such large numbers, and in a few minutes there will be even more. Today we have the special honor of welcoming an outstanding thinker and pioneer of economics, and an influential pacesetter in the economic policy debate. It is Prof. em. Dr. Dr. hc mult. Hans-Werner Sinn. Professor Hans-Werner Sinn was a professor at the Ludwig Maximilian University in Munich from 1984 to 2016, and headed the renowned economic research institute ifo there from 1999 to 2016. His work has been recognized with several honorary doctorates. Since 2021 he has also held an honorary doctorate from the same university, the University of Lucerne. And, this should not go unmentioned, we are very proud that he also supports our research work as a scientific advisor to the IWP. He is part of the IWP family, which would not want to do without his advice. Professor Sinn is characterized by his outstanding ability to work on complex economic topics in a way that is understandable to a broad audience. His non-fiction books, including the modern economic classics "The Euro: From the Idea of ​​Peace to the Bone of Contention" and "The Green Paradox - A Plea for an Illusion-Free Climate Policy" have reached not only experts but also broad sections of the public and, one might say, have enthused them. Although "The Green Paradox" was published in 2008, it could not be more timely. The political deadlines for the ambitious climate goals of many European countries are getting closer and closer. The EU and Switzerland have set themselves the goal of climate neutrality by 2050, while Germany wants to achieve this goal by 2045. At the same time, recent geopolitical developments have shown us how vulnerable our energy supply is. This gives rise to urgent questions. How do we respond sensibly to such challenges? Can and should renewable energies be used more today on a large and short-term scale? Should fossil fuels still play a role? What future does nuclear power have? And should we rely on innovative market forces or remain stuck in neo-dirigism? Regardless of the direction we take, an open, transparent and undogmatic discussion is important. And Hans-Werner Sinn's arguments should not be missed in this debate. He uses the economist's toolbox and has repeatedly given the debate significant impetus. Especially on the topic of energy, he made it clear to the general public and scientists early on: Hey, there is not just the demand side, there is also a supply side on the energy market. A cheese & chocolate film https://www.cheeseandchocolate.ch