Commerce Germany the Magazine of the American Chamber of Commerce in Germany E.V
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3/2018 Vol. 16 €9.90 commerce germany The magazine of the American Chamber of Commerce in Germany e.V. energy&climate It’s time to take steps now 12TH TRANSATLANTIC INTERVIEW POLICY SPOTLIGHT BUSINESS CONFERENCE The mission of Keeping up the dialogue: In Trade We Trust Governor Phil Murphy Leadership Visit EDITORIAL Accelerate your growth in Berlin Dear Readers, Germany’s capital has got it all: the most influential political and economic decision makers, innovative companies and an unrivaled concentration of science and research. Berlin has gre- at potential at its fingertips: Specialists and executives who are With all the changes happening to the energy sector and climate policy in the excellently trained and thrilled by the high quality of Berlin’s US and Europe, we thought it was time to dedicate an issue of commerce germany urban life. Check out our website with stories, portraits, facts to these topics. In the US, for instance, the share of renewable energy has & figures and find your reason why relocating your business to doubled since 2008 to 18% of all electricity, with particular strides made by Europe’s most thriving cities: Berlin. wind and solar projects in recent years. And on a transatlantic scale, the announcement this summer by the EU to import more liquefied natural gas (LNG) from the US opens the door for more business cooperation. At the same www.reason-why.berlin time, energy security remains a contentious issue for the transatlantic partners. But energy is just one side of the coin. In our cover story, we delve deeper into the topic of climate policy with Robert B. Weisenmiller, Chair of the California Energy Commission. In our exclusive interview, we discuss how climate protection and business innovation go hand in hand, and what Germany, California and the US can learn from one another Frank Sportolari regarding climate policy. Keeping with this focus, Claudia Kemfert from the German Institute for AmCham Germany Economic Research discusses how climate change can spur economic growth, while Mark Lawrence President from the Institute for Advanced Sustainability Studies addresses the topic of geoengineering. We also take a look at what our member companies Evonik, GE and PUMA are doing to combat climate change. Of course, given all that’s going on in transatlantic affairs, we couldn’t limit this issue just to energy and climate policy. In Transatlantic Trends, Jamie Fly from the German Marshall Fund of the United States tells us what to make of the US midterm elections. We also share our own takeaways from two recent trips to the US: our Leadership Visit and our delegation trip with the Telecommunications, Inter- net and Media (TIM) Committee. And we also sit down in this issue to talk with Phil Murphy, Governor of New Jersey, about transatlantic trade and investment — topics that defined our Transatlantic Business Conference in Berlin, which we also report about on pages 8–10. To sum it up: We’ve been busy this fall representing the voice of transatlantic business — and not just on energy and climate policy. As this year comes to a close, we want to thank you for your support, dedication and commitment to our organization in 2018. Happy holidays! We look forward to seeing you at our New Year’s Receptions in January! Enjoy reading, Frank Sportolari Illustration: Charlotte Hintzmann commerce germany 3/2018 3 amcham germany invites you CONTENTS The voice of transatlantic business 12TH TRANSATLANTIC MIDTERM 8 BUSINESS CONFERENCE 32 LEADERSHIP VISIT 28 ELECTIONS’ RESULTS 16 COVER STORY th Annual Membership ENERGY & CLIMATE 26 PHIL MURPHY Meeting 2019 6 CHAMBER NEWS TRANSATLANTIC TRENDS th 116 8 12 Transatlantic Business Conference 26 Transatlantic business: Trade missions Urban Supply Chain 11 Interview with Lisa Davis, Siemens AG keep the dialogue going 12 US company rankings 28 Midterm elections’ results: A divided The city of tomorrow in a globalized world 14 AmCham Germany surveys country, a deeper gridlock Make sure to save the date for our next AmCham Germany COVER STORY POLICY SPOTLIGHT Annual Membership Meeting. 16 Energy & climate: The time for action 30 Delegation Trip – Digitalization: is now when? May 17, 2019 Only common regulations will work 32 Leadership Visit: The importance where? EMPORIO Hamburg VIEWPOINT of transatlantic business diplomacy Valentinskamp 70, 20355 Hamburg 19 from our members 34 Political voices from Germany • Energy efficiency at the molecular level: High-quality silicas Invitations with the detailed program will be sent out in April 2019. 3 QUESTIONS FOR • Merkur: A rising star in offshore wind 35 Adel Al-Saleh, Deutsche Telekom AG Take this opportunity to network with representatives from the trans- farms contact atlantic business community as well as from industry and government • No brand is an island 36 NEW MEMBERS 22 external Mandy Elgner and discuss the future of transatlantic cooperation. • Climate protection as growth engine T +49 69 929104-30 You also have the opportunity to present yourself as an event 38 OUTLOOK E [email protected] in Germany partner. Feel free to contact Mandy Elgner to discuss various ways • Climate geoengineering 39 CALENDAR of supporting us! www.amcham.de Photo credit: Jan Zappner/Raum11; AmCham Germany; lightwise/123rf; SIEMENS AG; Sandra Hauer commerce germany 3/2018 5 CHAMBER CHAMBER NEWS NEWS Lindner in Munich: Liberal values and free trade NextGen Initiative: Call for nominations AmCham Germany welcomed more than 300 the Western world, so defending liberal guests to its Business After Hours event in values was more relevant than ever. He Munich on Sept. 5, 2018. Attendees came added that recent developments were no to hear Christian Lindner, Chairman of Ger- reason to question transatlantic relations many’s Free Democratic Party (FDP), speak as there was no real alternative. For Lindner, about the importance of transatlantic rela- transatlantic relations should be made tions. In his remarks, Lindner observed that a priority in foreign policy. “Free trade is New Nominations Committee Chair: Han Steutel the US had always played a leading role in beneficial for everybody,” he concluded. Strengthening the future In memory of of AmCham Germany The AmCham Germany Board of Directors elected Han Steutel of Bristol-Myers Ulrich W. Reinholdt by creating and supporting Airlift Contest: Inspiring tribute to transatlantic friendship an enthusiastic young Squibb to become new Chair of the AmCham Germany Nominations Committee in August 2018. AmCham Germany mourns the leadership team and the human connections that transcend loss of its long-standing member The Nominations Committee compiles the list of candidates for election to the the changing political landscape. Deputy Ulrich W. Reinholdt, who passed Board of Directors and the Executive Committee before each Annual Membership Chief of Mission Robin S. Quinville from the away on Nov. 7. Meeting. The committee also supports both bodies by organizing reelections and US Embassy Berlin and Sawsan Chebli, State overseeing personnel changes that occur between Annual Meetings. of Berlin Delegate to the Federation, and We have lost a very special per- Permanent Secretary for Active Citizenship son and an exceptional friend. Our NextGen Initiative had a successful Steutel takes over this important task from Dr. Lutz R. Raettig, Chairman of the and International Relations, were among Ulrich was committed to start in 2018. Now we are calling for Supervisory Board at Morgan Stanley Bank AG, whom AmCham Germany would the speakers that evening and also presented AmCham Germany for nearly the next group of 25 to 30 young pro- like to thank for his many years of service. AmCham Germany would also like to the awards. Cherno Jobatey, journalist and 35 years as an active member, fessionals to join the program and spend express its gratitude that Raettig will continue to serve as a member of the AmCham TV presenter, served as the host, enlivening both individually and on behalf 12 months learning more about trans- Germany Executive Committee. the event in his own entertaining way. Delta of AIG, and he generously sup- atlantic business, refining leadership AmCham Germany acknowledged the win- Air Lines generously provided a roundtrip ported our cause. He also served skills and expanding professional net- Steutel has served as a member of the AmCham Germany Board of Directors since ners of the Chamber’s Berlin Airlift Contest flight to New York for two as the first prize, as a member of our Board of works. Member companies may nominate 2015. He has been General Manager of Bristol-Myers Squibb in Germany since at a Transatlantic Evening held on Nov. 8, which fittingly went to Oswald for his Directors for over 10 years. up to two potential candidates each. 2008 and took the reins of the Association of Research-Based Pharmaceutical 2018. Prizes were awarded to Tim Oswald immensely creative, inspiring short story For more information, please visit Companies (vfa) in 2016 as Chairman of the Board. Steutel has also been a mem- (17), Oskar Rabe (18), Sarah Lawton (25) “America Gives Me Wings.” For more infor- Rooted deeply in his personal www.amcham.de/next-gen ber of the Board of the Federation of German Industries (BDI). and Matthias Obermeier (22), whose writings mation about the contest and the Trans- convictions, Ulrich’s dedication collectively sent a positive signal about the atlantic Evening, please visit: to transatlantic friendship was stability of our shared transatlantic values www.airlift-contest.com unwavering, even in difficult times. He was a passionate Advocacy calls: Talking with US governors bridge-builder for transatlantic relations and served as a role All things considered, in the US politics investments of $373 billion as well as by Illinois, Pennsylvania and North Carolina, Adjustment of membership dues for 2019 model for all of us in a way that are local.