Advertisement Advertisement
Advertisement Advertisement

Germany´s environmental sector grows by 5.7 percent

Turnover in Germany’s environmental protection sector rose by EUR 3.9 billion – from EUR 70 billion in 2016 to EUR 73.9 billion in 2017 according to the country’s Federal Office of Statistics. That continues an impressive track record of growth as in 2015, EUR 66 billion were generated by environmental goods, construction, and services.

Euro notes and coins

Turnover in Germany’s environmental protection sector rose by EUR 3.9 billion – from EUR 70 billion in 2016 to EUR 73.9 billion in 2017 according to the country’s Federal Office of Statistics. That continues an impressive track record of growth as in 2015, EUR 66 billion were generated by environmental goods, construction, and services.

The most important economic sub-sector was the area of climate protection (EUR 49.4 billion), including renewable energy usage (EUR 24.4 billion) and improvements in energy efficiency and energy savings (EUR 23.6 billion). EUR 55.8 billion of business came in manufacturing.

Energiewende a driver

Driving this growth is a long-term and comprehensive change in Germany’s energy and environmental policies remarks Germany Trade & Invest (GTAI), the Federal Republic of Germany’s agency for promoting trade and investment to and from Germany.

For example, the Federal Office of Statistics reports that 66.6 percent of all newly constructed residential buildings in 2018 use renewables as a source of heat. 47.2 percent of the 107 200 new residential buildings primarily got their heat from renewables – more than any other energy source. That was the first time ever that this has been the case.

On June 6, German Minister of Economic Affairs and Energy Peter Altmaier presented a progress report showing that Germany was ahead of schedule in its transition to renewable energy sources, the Energiewende, in the electricity sector.

This is not just a challenge – it’s a major chance for Germany as an economic location. The Energiewende is not just an energy-policy project. It is one of the largest modernization projects for the German economy, Altmaier said.

Germany has an established reputation as a top location for green energy and environmental technologies – both their development and their use. The country’s first-class R&D capabilities and generous government funding programs have attracted many of the firms that are shaping the future of energy and environmental technologies around the world.

We are currently seeing fresh impetus in environmental technologies, renewable energy, and energy efficiency in Germany. That means opportunities for international companies that offer innovative products and services, for example, in energy efficiency and the integration of renewables into the grid commented Esther Frey, Director of Energy, Building and Environmental Technologies at Germany Trade & Invest.

We're using cookies. Read more