Germany overtakes China in a global comparison
The topic of renewable energies is booming. In terms of investment potential, Germany now even outshines China. The backgrounds.
The past few months have made it clear that we will probably miss our climate targets. Because the 1.5 degree target of the Paris climate agreement appears to be in 2023. That is why it is now even assumed that the temperature will rise by two to three degrees. The expansion of renewable energies is gaining in importance.
But while the expansion has faltered somewhat in Germany in recent years, the Federal Republic is now in the fast lane. At least that’s possible from a report the auditor of EY. Accordingly, investing in systems in Germany is increasingly worthwhile again.
Renewable energies: Investing in Germany is worth it again
Every year, the auditors identify the countries in which it is worth investing in renewable energies. Germany was in third place last year. This year, however, the Federal Republic made it to second place, overtaking China.
The reason: the Ukraine war and dependence on Russian gas have again accelerated the expansion of renewable energies. As in the previous year, the USA is still number one on the list with the greatest investment potential.
Continued heavy reliance on coal-fired power
Another reason for trust in German plants is the shutdown of the nuclear power plants in Lower Bavaria, Emsland and Neckarwestheim. Nevertheless, experts continue to expect an increasing dependency on coal for the time being.
Nevertheless, the results show that Germany is again an attractive place for investments in renewable energies. The expansion should therefore probably gain momentum in the coming years. After all, the Federal Republic wants to be completely climate-neutral by 2045.
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