NEW YORK (Reuters), Oliver Zipse CEO at BMW stated that companies must plan for high energy and raw material prices. Companies should be more efficient in production, and increase recycling efforts to lower costs.

Zipse told a New York Roundtable that “we have a peak now”, although they may not keep at the peak but will not return to their former prices.

The importance of how much energy you consume and the amount that you save is not only important for ecological reasons, but also for economic ones.