Green technology accounts for 15 percent of German economic output
Environmentally friendly technologies have become an important pillar of the German economy, the Federal Environment Ministry (BMU) says in a press release. According to the environment ministry’s new “GreenTech Atlas,” the sector accounted for 15 percent of Germany’s gross domestic product (GDP) in 2016 and will increase its share to 19 percent by 2025. “GreenTech Made in Germany is increasingly turning into a modernisation boost for our economy,” said environment minister Svenja Schulze. German GreenTech companies have a 14 percent share of the global market for environmental technologies and efficiency, and employ 1.5 million people, according to the 200-page report authored by business consultancy Roland Berger.
Find the press release in German here.
See the CLEW article German industry says protecting climate can benefit economy for background.