Evonik CEO Kullmann Calls For End Of CO₂ Cult: Wake-Up Call For Europe’s Economy

Submitted by Thomas Kolbe

For a long time, the German economy remained silent on the dogmatic climate goals and the politically destructive course. Now, Christian Kullmann, CEO of Evonik, is the first business leader to speak plainly. It is time to bury the CO₂ cult.

Finally, one might say, after years of deafening silence from German industry, a CEO is speaking openly. Christian Kullmann, head of the chemical giant Evonik, is at the forefront of the fight against ever-tighter climate regulations from Brussels and Berlin.

Looking ahead to the drastic tightening of the emissions trading system planned for 2027, Kullmann spared no words in an interview with the FAZ: “The CO₂ levy for Europe must go. It threatens at least 200,000 well-paid industrial jobs in Germany.”

Industrial Collapse

And that is likely a conservative estimate. Currently, the economy is forced to cut more than 10,000 jobs per week. Companies such as Bosch, with 22,000 planned cuts, and ZF Friedrichshafen, planning 7,600 by 2030, are slashing jobs on a massive scale. A wave of insolvencies is sweeping across the German economy, expected to break all records with over 24,000 bankruptcies by year-end.

Kullmann’s blunt statement may mark the start of a long-overdue debate on the real costs of European climate policy for the German economy and heavily burdened households.

From 2027, the CO₂ emissions trading system threatens Germany with another cost tsunami: the price per ton of CO₂ could rise to as much as €200, drastically increasing heating, fuel, and energy costs. Households could pay an additional €1,000 annually, while companies face soaring production costs, reduced investment, and job cuts.

Economically, this radical step would impose around €40 billion in extra costs annually on a consumption of 400 million tons, accelerating the socially and politically dangerous deindustrialization.

The EU: An Expensive Affair

What leftist and eco-socialist ideologues unleashed with the Green Deal has become a socio-political landslide. Bureaucracies and official circles have yet to realize that their campaign against civil society and market rules is already lost.

In Brussels, Berlin, Paris, and other capitals of the European debt union, they respond with ever more levies to stave off their own collapse.

Revenue from the CO₂ levy is used almost exclusively to stabilize overstretched national budgets: about 90 percent flows to national treasuries, the rest to Ursula von der Leyen’s EU coffers, which will inject around €750 billion in subsidies into the dried-up channels of the green patronage economy by 2034.

And Brussels’ megalomania knows no bounds. Every capital source is tapped—from steel tariffs to recycling taxes on plastic products. The EU is an expensive ideological game. It is now the ethical duty of business leaders to resist this campaign against reason and market principles. Failure to act risks direct confrontation in the markets. Brussels will be forced to refinance via bond markets—disguised as Eurobonds.

The Commission has positioned itself at the head of a debt union that suffocates the free market with its sprawling, centrally planned ecological patronage economy.

Spain as a Counterpoint

It is likely that after Kullmann’s criticism, a massive wave of counter-propaganda will arise. NGOs and state-affiliated media will mobilize every resource to rally Europeans against the imagined threat of man-made climate change.

Critical voices are often dismissed with a single example—a sign of how detached Brussels officials are from reality. This example comes from Spain. Officially, Spain’s economy will grow by about 2.5% in 2025, with a state quota of 48%, total debt of 109%, and a net new debt of 3.5%.

Even the much-praised Spain fails to meet the once-celebrated Maastricht criteria—just like Germany. Looking at the situation realistically, private industry shrinks by about 1% despite massive Brussels credit support and programs like NextGenerationEU.

But nowhere is the collateral damage of eco-socialism more evident than in Germany. The dramatic industrial output drop from July to August—4.3% overall, 18.5% in the auto sector, over 10% in pharmaceuticals—should serve as a warning even to the staunchest ideologist.

What central planners like Lars Klingbeil, Friedrich Merz, and the Brussels bureaucrats fail to grasp: every euro not flowing through the free market is a lost euro. Through massive interventions and debt-financed programs, states restrict the private sector’s room to invest in the future, endangering Europe’s prosperity engine.

Companies and their workforces will not tolerate this development for long. We are not witnessing a cyclical downturn or a classic recession—but a full economic collapse.

Using the Crisis

Europeans embarked on a climate crusade in recent years. Intellectual and ethical misadventures like this only thrive on the economic success of previous generations, who left their heirs an illusion of growth and the promise of effortless prosperity.

Let us hope that the Evonik CEO’s voice opens the door to real criticism—a catalyst whose bold impulse sparks a chain reaction of open, constructive debate.

Until now, criticism within German industry has entangled itself within the political framework. Calls for aid and subsidies, especially for energy costs, dominated. But this was not true policy critique—it was submission to the eco-dictate.

It is the ethical duty of business leaders to draw the line for politics. Too much is at stake to entrust it to infantile ideology. Its time is over. The crisis is unavoidable. But now we can begin rebuilding a market-based rulebook and sovereign policies in Europe’s national states. Brussels’ task would remain the safeguarding of the common internal market—a challenge more than demanding.

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About the author: Thomas Kolbe is a German graduate economist, who has worked for over 25 years as a journalist and media producer for clients from various industries and business associations. As a publicist, he focuses on economic processes and observes geopolitical events from the perspective of the capital markets. His publications follow a philosophy that focuses on the individual and their right to self-determination.