BERLIN, June 26,
2024 /PRNewswire/ -- Germany's Federal Statistical Office says that
2022 turnover in goods and services in the sector reached 107.5
billion euros – an annual increase of 16.9 percent.
Environmental protection is big business in Europe's largest economy. And it's grower
bigger by the year, as the government figures show.
The largest share of the nearly 108
billion euros of turnover in the sector came in climate
protection, which generated 61.7 billion
euros in business. Measures to improve energy efficiency and
reduce energy use accounted for 30.7 billion
euros, while renewable energy measures were responsible for
28.9 billion euros.
Other major markets were air quality (21.1 billion euros), wastewater (10.7 billion euros), electromobility 9.1 billion euros) and the production and
installation of sewer systems (6.5 billion
euros).
German industry invested 13.9 billion
euros in environmental protection in 2022, while the running
costs for environmental protection came in at 43.8 billion euros. The number of "green jobs" in
Germany rose by 10.3 percent,
reaching 376,000.
"These latest numbers coming from the national government
illustrate just how significant environmental and climate
protection are to the German economy," says Robert Hermann, CEO of Germany Trade &
Invest. "It's no accident that the German economics ministry is
also responsible for climate action. For international companies
working in this area, now is an excellent time to consider
expanding to Germany. The
opportunities are out there."
Germany Trade & Invest is the German government agency
for international business promotion and is owned by the Ministry
for Economic Affairs and Climate Action. It helps international
companies do business in Germany
and German companies do business abroad.
Contact:
Jefferson Chase, Senior
Communications Manager
Germany Trade & Invest
Friedrichstrasse 60
10117 Berlin, Germany
jefferson.chase@gtai.de
+49 1796873724
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SOURCE Germany Trade and Invest