Informed Comment
Summary
German industry is increasingly investing in climate protection measures, the Federal Statistical Office (Destatis) reported just before the UN Climate Change Conference (COP28), which kicked off on 30 November.
Climate protection investments in the manufacturing sector have increased by 74.3 percent over a decade. In 2021, manufacturers spent some 4.15 billion euros on systems to avoid emissions or use resources more sparingly, up from 2.38 billion in 2011. Legal regulations and government funding have contributed to the increase in investments, Destatis notes.
Companies invested a further 1.63 billion euros ($1.77 bn) (39.2%) in increasing energy efficiency and energy saving, such as thermal insulation of buildings or systems with combined heat and power. The manufacturing and service sectors generated sales of 53 billion euros with climate protection products in 2021 – an 11.9 percent increase compared to the previous year.
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