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Adobe Stock / Marco2811

Das Rentenpaket II

Mehrbelastung statt Generationengerechtigkeit

Angesichts des demografischen Wandels, der unweigerlich den Druck auf unsere Sozialsysteme erhöht, zeichnet sich ein hoher Reformbedarf in der deutschen Altersvorsorge ab. Das Rentenpaket II soll die gesetzliche Rentenversicherung laut Gesetzentwurf der Bundesregierung modernisieren, sodass sie auch für jüngere Generationen verlässlich bleibt. Welche Ziele verfolgt das Rentenpaket II? Wie ist es zu bewerten und wie könnte eine nachhaltige und generationengerechte Rente aussehen? Die Antworten auf diese Fragen finden Sie im Kurzum „Das Rentenpaket II: Mehrbelastung statt Generationengerechtigkeit“.

IMAGO / Kyodo News

President Ferdinand Marcos Jr. in Berlin

Current background information on the visit of Philippine President Ferdinand Marcos Jr. to Berlin

Philippine President Ferdinand Marcos Jr. is expected to pay an official visit to Berlin from March 11 to 13. While bilateral relations were at a low point under the previous government of Rodrigo Duterte, they have improved noticeably since Marcos took office. One reason for this is the tense geopolitical climate and the interest of both countries in defending the rules-based international order. The most important topics of the visit will therefore be the maintenance of regional security in the Indo-Pacific and the intensification of economic and trade relations.

IMAGO / Friedrich Stark

Attacks on Christians in Nigeria

How the raids at Christmas 2023 fit into an existing major conflict over resources in Nigeria

Nigeria, a country torn by multiple crisis and conflicts, experienced a series of attacks on Christmas 2023, which gained attention far beyond its own borders. But the search for reasons to explain this outbreak of violence is complex. With a spreading conflict on resources, fueled by climate change and population growth, it becomes evident, that more reasons are underlying then the smouldering religious conflict in the region.

IMAGO / aal.photo

Successful transformation needs pragmatism but not a new “Sondervermögen”

Sustainable fiscal policy does not need trickery

Following the German Federal Constitutional Court's historic ruling on the 2nd Supplementary Budget Act 2021, ways are being sought to ensure legal financing of the economic transformation. One option that is repeatedly brought up is the possibility of setting up a "Sondervermögen” (special fund) modelled on the special fund for the Bundeswehr (German armed forces). It is important to understand that this is not a real asset; on the contrary, it contains credit authorisations in the amount mentioned. A new paragraph in the Basic Law was necessary for its establishment so that the respective incurrence of debt in the financial year in which it is actually incurred is exempt from the provisions of the debt limit.

IMAGO / IPON

Emergency without ending? The federal budget in limbo

The second supplementary budget 2021 is incompatible with basic constitutional law and thus null and void

With the second supplementary budget 2021, the federal government seemed to have found the solution to its problems: The € 60 billion in unused funds earmarked for the consequences of the corona pandemic were transferred to the "Climate and Transformation Fund" (KTF). This special fund was intended to promote energy transition and climate protection instruments while at the same time complying with the debt brake. The diverging interests of the three coalition partners were therefore no longer subject to any budget restrictions; there was money for everything at once – and thanks to the credit authorizations "in reserve" until after the next federal election. However, a "win-win" turned into a "lose-lose situation" after the ruling of the Federal Constitutional Court on November 15, 2023. The supplementary budget was "incompatible with the basic constitutional law and thus null and void"[1], making the reallocation of funds unconstitutional.

IMAGO / Cavan Images

Focus on Panama

A report on the Climate Week for Latin America and the fear of selling out the country

The Climate Week for Latin America and the Caribbean took place in Panama from 23 to 27 October 2023. Shortly beforehand, the parliament approved a controversial treaty on the exploitation of raw materials, which led to major protests and restrictions on Climate Week. The conference discussed the financing of the transition to renewable energies and measures to adapt to climate change. The countries of Latin America are planning to act as joint negotiating partners for the first time at the World Climate Conference in Dubai. The parliamentary approval of the mining agreement a few days before the conference led to protests by the population and shows the conflict between climate protection and the demand for raw materials, which are necessary for a green transition.

Adobe Stock / Twinny B Studio

There is still a gap between the federal states and municipalities

How municipal information security can be strengthened

In recent years, there have been numerous IT security incidents in municipal administrations and organisations. The Online Access Act (OZG) obliges local authorities to digitise their processes. More and more sensitive citizen data is being processed digitally. In many of the approximately 10,900 local authorities across Germany, the IT infrastructure is outdated, the IT systems are not sufficiently protected, the financial resources for information security are too low and the personnel requirements are far too high. This makes municipalities in Germany easy victims for attacks.

Adobe Stock / Wolfgang Jargstorff

Bioenergy: An Underestimated Pillar of the Energy Transition

Challenges and Opportunities for Bioenergy

Against the backdrop of Russia’s war of aggression against Ukraine, energy supply security has become a new priority, as a result of which bioenergy is also attracting greater attention again as a domestic energy source. Key framework conditions for bioenergy are changing this year due to a series of changes in legislation, such as the amendment of the German Building Energy Act (Gebäudeenergiegesetz), the German Renewable Energy Act (Erneuerbare-Energien-Gesetz) and the European Renewable Energy Directive.

IMAGO / Fotoarena

Sincerity or showmanship

What's behind Lula's efforts to build international alliances to protect rainforests?

With the Amazon Summit, an international summit for the protection of the rainforest took place in August 2023 in Belém, Brazil, with high-ranking participants from the Amazon riparian states. It was agreed to improve cooperation on topics such as water management, infrastructure, health, human rights and biodiversity protection, however, it was not possible to agree on concrete goals. Moreover, a new economic program presented by President Lula shortly after the summit raises the question as to where Brazil's environmental policy is actually heading.

IMAGO / NurPhoto

China's Financial System in Turmoil

What Does This Mean for German Investments?

Since it became known over a year ago that the Chinese real estate developer Evergrande is at risk of collapsing under its immense debt burden, it has become clear that the Chinese financial system has weaknesses. The situation is now escalating dramatically: in the past few days alone, it has been revealed that another real estate group, "Country Garden," is facing payment difficulties; the same goes for the major trust fund "Zhongrong International." The Chinese yuan has fallen so far that Chinese banks intervened in the foreign exchange market to stabilize the exchange rate.

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About this series

Concise, reduced to the essentials, but always highly topical. In our series "kurzum", our experts summarise an issue or problem on a maximum of two pages.