Science & Tech · Science & Environment · 9 hrs ago
Germany needs €6 trillion in climate investment by 2045, study says
Germany aims to be climate-neutral by 2045, meaning it should not release more greenhouse gases than can be stored.
A study by the Prognos research institute, commissioned by state development bank KfW, estimates that reaching this goal will require €6 trillion in investment between 2025 and 2045.
The estimate covers spending by households, businesses and the state, with the state responsible for 12 percent.
Much of the investment would be needed even if Germany continued using coal, oil and gas, so the study estimates that about half is additional spending linked to the climate transition.
That additional amount is around €145 billion a year.
The largest investment needs are in transport, especially switching to electric cars, and in adapting the electricity grid for wind and solar power.
The climate-neutrality goal is set in law, but the study does not say what specific measures will follow.
Germany needs €6 trillion in investment between 2025 and 2045 to shift to climate-friendly living and economic activity, according to a study.
The Prognos research institute produced the estimate for state development bank KfW.
Consumers and businesses would provide most of the investment, while the state would account for 12%.
The study says about half the total would be additional, because spending would also be needed if Germany continued using fossil fuels.
The biggest investment need is in transport, particularly the shift to electric cars, followed by changes to the electricity grid.
- Who
- The Prognos research institute produced the study for KfW.
- What
- The study estimates Germany needs €6 trillion in climate investment by 2045.
- When
- The investment period examined is 2025 to 2045.
- Where
- Germany.
- Why
- To shift to climate-friendly living and economic activity and meet the legally established goal of climate neutrality by 2045.
This story does not have two clearly opposing sides.
No direct quotes in the coverage so far.
The study uses this as the last year for which reliable investment figures were available.
The study examines the investment needed over this period.
Germany aims to be climate-neutral by this year, a goal established by law.
- Total investment
- €6 trillion
- Study period
- 2025–2045
- State share
- 12%
- Estimated additional investment
- About half of the total
- Largest investment need
- Transport, particularly the shift to electric cars
Sources
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