KfW Climate Barometer 2024: Weak economy slows down SMEs’ climate investment – but large enterprises are achieving real growth

Anke Brüggemann, Elisabeth Grewenig, Johannes Rode and Michael Schwartz

Publications of Darmstadt Technical University, Institute for Business Studies (BWL) from Darmstadt Technical University, Department of Business Administration, Economics and Law, Institute for Business Studies (BWL)

Abstract: The business sector in Germany increased climate-positive investment by 5% in real terms to EUR 85 billion in 2023. These are the findings of the 2024 KfW Climate Barometer. This growth was driven by large enterprises. They expanded their climate investments again considerably on the previous year (+19% in real terms). At the same time, the generally higher price level, rising financing costs and the economic slowdown have put the brakes on SMEs’ investment. Climate investment activity by SMEs decreased by 10% overall on an inflation-adjusted basis last year. Even in challenging times, many enterprises continue to have climate action on their agenda, with 51% having taken climate action into account in their business strategy. Eighty per cent of large enterprises and 24% of larger SMEs aspire to become climate neutral.

Date: 2024-11-26
Note: for complete metadata visit http://tubiblio.ulb.tu-darmstadt.de/153211/
References: Add references at CitEc
Citations:

Downloads: (external link)
https://www.kfw.de/PDF/Download-Center/Konzernthem ... e-Barometer-2024.pdf

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:dar:wpaper:153211

Access Statistics for this paper

More papers in Publications of Darmstadt Technical University, Institute for Business Studies (BWL) from Darmstadt Technical University, Department of Business Administration, Economics and Law, Institute for Business Studies (BWL) Contact information at EDIRC.
Bibliographic data for series maintained by Dekanatssekretariat ().