Germany’s medium-sized businesses need to improve energy efficiency

Medium-sized businesses in Germany will have to further improve their energy efficiency in order to stay internationally competitive, according to a study by the government-owned banking institution KfW. KfW compared the competitiveness of over 2,200 small and medium-sized companies in ten of the world’s most important economies. German companies already fared “quite well” in terms of optimising their energy consumption but “additional efforts will be necessary in the light of rising energy prices in order to stay competitive and to fulfil national climate targets”, the study said.  While Germany’s medium-sized businesses overall were ranked first in the KfW’s “Competition Indicator 2016”, counterparts in the USA were “at the top” when it comes to implementing energy-efficiency measures.

Find the study in German here. 

Read more on energy transition and efficiency gains in the CLEW dossier The Energiewende and Efficiency.