Is it actually possible to make money with climate protection? In Episode 3, Professor Schmidt explains the tension between short-term costs and long-term profits. We analyse the European Emissions Trading System (ETS) and why well-intentioned voluntary actions, like skipping short-haul flights, can sometimes be rendered ineffective by the current system.

Professor Schmidt advocates for a clear carbon tax and explains why positive incentives, such as free parking for electric vehicles, are often viewed critically from an economist's perspective.

Timestamps:
00:00 – Is climate protection profitable?
02:18 – Short-term costs vs. long-term damage avoidance
03:30 – Use Case Aviation: Green kerosene & hydrogen
05:40 – The European Emissions Trading System (ETS) explained
07:22 – Why voluntary sacrifice can be "wasted" in the ETS
09:32 – Carbon tax as a more efficient alternative?
10:55 – The psychology and pitfalls of EV subsidies
12:15 – Outlook: The psychology of "Homo Oeconomicus"

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#Sustainability #Innovation #BetterFuture #CircularEconomy #Changemakers

Can money actually save the planet? In this first episode of our interview series, Professor Dr. Klaus Schmidt dives into the complex relationship between economics and climate protection. We discuss whether financial incentives are enough to halt global warming and the critical role innovation plays in building a sustainable future.

In this video, you will learn:

- Why traditional economic models often fall short when addressing climate change.
- Whether green investments are making a real-world impact.
- Professor Schmidt’s vision for a climate-neutral global economy.
- If you found this conversation insightful, please subscribe to The Earth Circle for more deep dives into sustainability and innovation!

0:00 – Intro: Why Voluntary Action Isn't Enough
0:45 – Can We Profitably Stop Climate Change?
1:54 – Short-term Costs vs. Long-term Gains
2:38 – The Aviation Use Case: Sustainable Fuel Challenges
4:56 – Why Target the "Hardest" Industries First?
5:40 – The EU Emissions Trading System Explained
7:03 – Meet Professor Dr. Klaus Schmidt
8:18 – The Flaw in Voluntary Climate Action (Train vs. Plane)
9:32 – Carbon Tax vs. Cap and Trade
10:22 – Psychological Incentives & Electric Vehicles
11:57 – Preview: Coming Up in Part 2

#ClimateAction #Sustainability #Economics #Innovation #TheEarthCircle #KlausSchmidt

Let us know your thoughts :) Let's improve together!

😀 New to the Earth Circle? Welcome!

📹 Get in contact with us if you want your company to be in the next video!
Email: social@progressfactors.com

💡 Is your company struggeling to turn sustainable or needs help? Reach out to us!
Email: social@progressfactors.com

Follow our other accounts:
📸 Instagram: https://www.instagram.com/progressfactors?igsh=MTRnc2ptZjlwY2Nnaw==
🎤 YouTube: https://www.youtube.com/@theearthcircle

🤍 A massive THANK YOU! and shout out to all our followers and especially our patreons! This channel would not be what it is without you!

If you also like this channel and want to support us and get exclusive content make sure to follow us on patreon!
⭐ https://patreon.com/TheEarthCircle?utm_medium=unknown&utm_source=join_link&utm_campaign=creatorshare_creator&utm_content=copyLink

#Sustainability #Innovation #BetterFuture #CircularEconomy #Changemakers

Welcome to The Earth Circle! 🌍✨


Since there have been a lot of new faces on this channel we thought it was about time to reintroduce ourselves!

We are so excited to have you here. This channel is a space dedicated to the bright side of our planet’s future, focusing on the innovation, science, and human collaboration that are driving real climate action today.

Our mission is simple: to share the stories that inspire hope and provide solutions. From deep-dive interviews with sustainability pioneers to exploring the cutting-edge tech reshaping our world, we’re bridging the gap between big ideas and tangible change.

Inside The Earth Circle, you’ll discover: Pioneering Tech: How innovation is solving global challenges. Policy & Architecture: Building the cities and systems of tomorrow. Collaborative Stories: Real people working together for a greener planet.

Whether you're a science enthusiast, a sustainability advocate, or just curious about how we can build a better world, there is a seat for you in our circle.

Join the movement: Subscribe to join our growing community of change-makers. 🔔 Turn on notifications so you never miss an inspiring story. Comment below. We’d love to know what sustainability topics you’re most passionate about!

Together, let’s turn the tide. Welcome to the circle! 🌿💪

Let us know your thoughts :) Let's improve together!

😀 New to the Earth Circle? Welcome!

📹 Get in contact with us if you want your company to be in the next video!
Email: social@progressfactors.com

💡 Is your company struggeling to turn sustainable or needs help? Reach out to us!
Email: social@progressfactors.com

Follow our other accounts:
📸 Instagram: https://www.instagram.com/progressfactors?igsh=MTRnc2ptZjlwY2Nnaw==
🎤 YouTube: https://www.youtube.com/@theearthcircle

🤍 A massive THANK YOU! and shout out to all our followers and especially our patreons! This channel would not be what it is without you!

If you also like this channel and want to support us and get exclusive content make sure to follow us on patreon!
⭐ https://patreon.com/TheEarthCircle?utm_medium=unknown&utm_source=join_link&utm_campaign=creatorshare_creator&utm_content=copyLink

#Sustainability #Innovation #BetterFuture #CircularEconomy #Changemakers