Ader: Enterprises should calculate with costs of resource protection

President Janos Ader on Monday called for a paradigm shift in economic policymaking, arguing that all economic players should now consider the costs of environmental protection as part of their budget. In a video message sent to the Green Finance Conference held by the National Bank of Hungary and the European Bank for Reconstruction and Development (EBRD), Ader said a new approach was needed in order to reconcile the goals of competitiveness, welfare, sustainability and social stability. The social and economic fallout of the coronavirus epidemic should be accurately calculated and considered alongside the expected costs of sustainability, he said. Ader put it to the conference that an assessment was needed of whether the European Commission's calculation that investments of an annual 290 billion euros over the next 10 years in the energy sector would be sufficient to achieve climate neutrality.