Air and Climate Protection
German Businesses Increase Investment in CO2 Reduction
Companies, particularly larger ones, devoted EUR 85 billion last year to lowering greenhouse gas emissions.
Nov 27, 2024
The figures came from a survey of almost 10,000 companies carried out by German state economic development bank KfW.
2023 investments represented a 12 percent increase over the previous year. Larger companies accounted for EUR 50 billion of money spent on climate protection measures, while SMEs were responsible for EUR 35 billion.
Investments focused on electric mobility and charging, electricity generation and storage, and energy efficiency in buildings.
Climate protection is currently part of the corporate strategy of more than half of German companies.
