BERLIN, Sept. 2 (Xinhua) -- Climate economist Ottmar Edenhofer, director of the Potsdam Institute for Climate Impact Research (PIK), and the siblings Annika and Hugo Sebastian Trappmann, managing directors of sheet metal producer Blechwarenfabrik Limburg, would receive this year's German Environmental Award, the German Federal Environmental Foundation (DBU) announced on Wednesday.
"We are presenting two awards for exceptional efforts in the fight against climate change," said DBU Secretary General Alexander Bonde in a statement. The prize is awarded annually for "outstanding, pioneering work in the field of environmental protection."
With a prize of 500,000 euros (592,000 U.S. dollars), the German Environmental Award was the "most prestigious independent environmental prize in Europe," according to DBU. German President Frank-Walter Steinmeier would present the awards in Hannover in late October.
Edenhofer's scientific problem-solving approach to setting a price on carbon dioxide (CO2) emissions had "revitalized German climate protection policy and decisively influenced the discourse on financial incentives as an instrument for greater climate and environmental protection," said Bonde.
According to BDU, Edenhofer's carbon dioxide pricing proposal helped to "establish a consensus" within the German government in its climate program. Bonde added that Edenhofer was "one of the world's most influential pioneers of the economics of climate change."
The award stood for a "new level of recognition for the social science approach of exploring the climate solutions space," commented Edenhofer in a statement and added that the world had the obligation and means to "further advance equitable policy options for tackling the climate challenge."
The second winners of the Environment Prize, the Trappmann siblings had demonstrated "why it makes sense from the economical point of view to evaluate an entire company in the interest of climate and resource protection," BDU explained.
With a staff of 320, the Blechwarenfabrik Limburg had been one of the leading, sustainability-oriented companies in Germany for more than 10 years, according to DBU.
Through "consistent action," the German company had managed to reduced its annual CO2 emissions by around 2,600 tons and was saving around 100 tons of tinplate a year during production.
"The Trappmann siblings demonstrate how small- and medium-sized companies can use high-tech digitalization to shake things up in a climate-friendly context while at the same time increasing profits," said Bonde. Enditem