Climate protection has long become a business worth billions for German companies
Clean Energy Wire
While the UN climate conference enters its critical phase, climate protection has long become a business worth billions for German companies, write Adriana Neligan and Frank Obermüller in a report by the Cologne Institute for Economic Research (IW). In 2016 alone, companies in Germany recorded sales related to climate protection of 46 billion euros, thereof 40 percent abroad. But the economists warn that the example of Germany’s solar energy bust also showed that companies shouldn’t depend on subsidies and needed a stable regulatory framework, for example using market-based instruments such as CO2 emissions trading.
Find the report in German here.
Find background in the dossier German industry embraces Energiewende transformation challenge.