At the New Year's reception of the Frankfurt Chamber of Commerce and Industry on Thursday evening, IHK President Ulrich Caspar criticized the bureaucratic hurdles that stand in the way of the transformation to a more climate-neutral economy.

Daniel Schleidt

Coordinator of the economics department in the Rhein-Main-Zeitung.

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In front of around 1,500 guests at the stock exchange, Caspar cited the lack of openness to technology and the slowing down of digital infrastructures as examples for his thesis and called for shorter planning and approval processes, for example when creating park-and-ride spaces in Frankfurt.

Increasingly strict specifications for construction impede investments that make sense in terms of energy;

In addition, the housing market is too heavily regulated, which stands in the way of extensions and increases.

Caspar therefore recalled the role of the social market economy as a factor for stability.

"The state should think back to its own task and use the means of the social market economy to pave the way for innovation and excellence."

In the year of the anniversary, Caspar referred to the historical importance of the first Paulskirche meeting in Frankfurt, which laid the foundation for free trade rights, and the role of civic commitment by entrepreneurs for the future of the Rhine-Main region.

Guest speaker Frank Dievernich, Chairman of the Polytechnic Society Foundation, also called for paralyzing structures to be broken up.

Frankfurt needs active citizenship that can take responsibility and act as freely as possible.