The energy transition can benefit households and the economy financially

(de-news.net) – The energy transition in Germany can be structured in a way that both private households and businesses derive financial benefits. This conclusion is drawn from a study conducted by the think tank Energy Watch Group (EWG). According to the study, a CO2-neutral Germany would yield an annual income increase of 35 billion euros for households, which translates to 1,700 euros per annum for an average four-person household. Financial relief for the commercial, trade, and service sectors is estimated at 38 billion euros annually, while the industrial sector is projected to gain 13 billion euros. Climate neutrality is set as the target for 2045.

In the “Roadmap CO2-Neutral Germany,” the think tank elaborates that achieving climate-friendly restructuring across all sectors will necessitate additional investments amounting to approximately 1,900 billion euros by 2045, averaging 95 billion euros per year. This financial requirement is considered feasible and represents a five percent increase in Germany’s total annual investments, currently standing at 1,800 billion euros. These additional costs are counterbalanced by savings that will refinance the investments, such as the cessation of oil, natural gas, and coal imports. Importantly, the investments are anticipated to substantially stimulate the economy, particularly as the energy, building heat, transport, and industrial sectors undergo transformation. Necessary measures include maintaining low electricity prices for heat pumps and specific industrial applications, instituting a ban on new combustion engine cars from 2030, and prioritizing the use of biofuels in aviation.

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