The more energy a company uses, the more difficult it is to switch to climate-friendly technologies.
(Photo: obs)
Berlin There is a huge investment gap in the German economy as a result of the corona crisis and the Ukraine war. Without the two crises, German companies would have invested 70 billion euros more. This is shown by a study by the employer-related Institute of the German Economy (IW) Cologne, which is available to the Handelsblatt.
And improvement is hardly in sight. According to an IW survey, only 36 percent of German companies want to invest more, a quarter less. The values are almost as bad as in spring 2021 at the peak of the corona pandemic. Michael Grömling, IW Economics Manager, says: “We have probably never had an investment gap for as long as we are now.”
The reluctance also increasingly affects investments in climate-friendly machines and vehicles. Only 35 percent of the companies state the decarbonization of their own operations as a reason for investing. According to Grömling, this is a significant drop and quite surprising: “We expected investments in decarbonization to increase.”
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