A draft study for the Federation of Germany Industries (BDI) has found that meeting the lower end of Germany’s contribution to EU 2050 climate targets would be technically feasible but extremely expensive, the price tag being estimated at more than €1 trillion (US$1.24 trillion). The target is to reduce emissions by 80-95% from 1990 levels, and the upper bound may also be technically feasible given even more expenditure, but this was not costed in the report. The authors, Boston Consulting and Prognos, have spent months on the study, which has been reviewed by Reuters (presumably amongst others) before its release. To safeguard German industry, targets matching those of the EU would need to be implemented globally, the study has postulated, although if this will eventuate is an open question. The report also reiterated the findings of other work, stating that higher and expanded carbon pricing could help climate targets be met, as could carbon capture and storage and increased support for alternative fuels. In mid-January, federal German politicians agreed to drop the country’s emissions reduction target for 2020 (a 40% reduction from 1990 levels), which Germany was on course to miss, but retain that for 2030 (55%).