Germany has high share in global market for green technologies – report
Clean Energy Wire
German companies make up a high share of the dynamically growing green technologies market, a report by KfW Research shows. Out of the total production of the global market for green technologies, 8.5 percent took place at German locations in 2020. This rises to 14 percent when German companies' foreign production sites are taken into account. In comparison, Germany’s overall share in global economic output was just 4.5 percent in 2020. Its global export market share of 12 percent makes Germany the largest exporter of environmental and climate protection goods after China (15%). German companies exported environmental and climate protection goods worth 68 billion euros in 2018, mainly in the areas of mobility (25%), energy efficiency (12%) and energy production (10%). The report found that Germany is in a good position to maintain and increase its market relevance. “German companies are focusing on precisely those technologies that promise the largest growth markets: battery technology, more efficient solar cells and drive concepts for electromobility, hydrogen production and energy storage,” the KfW press release says. To maintain this favourable position, the KfW proposes increased efforts in research and development, such as negative emission technologies and the development of green fuels, as well as the market introduction and scaling of new and existing renewable technologies.