German industry invested over 8 billion euros in environmental protection in 2016
Industrial companies in Germany have invested 8.4 billion euros in 2016 in more sustainable technology that reduces, avoids or removes emission from environment, the Federal Statistical Office (Destatis) says in a press release. The figure equals about ten percent of total investments and was over two percent higher than in the previous year. Over 3 billion euros went to sewage management and 2.7 billion to climate protection measures, such as renewable energy sources or energy efficiency. Investments into renewables by industrial companies were nearly 22 percent lower than in 2015, Destatis says.
Find the press release in German here.
See the CLEW dossier The energy transition’s effects on the economy for background.