IDEAS home Printed from https://ideas.repec.org/p/dar/wpaper/153211.html
   My bibliography  Save this paper

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

Author

Listed:
  • Brüggemann, Anke
  • Grewenig, Elisabeth
  • Rode, Johannes
  • Schwartz, Michael

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.

Suggested Citation

  • Brüggemann, Anke & Grewenig, Elisabeth & Rode, Johannes & Schwartz, Michael, 2024. "KfW Climate Barometer 2024: Weak economy slows down SMEs’ climate investment – but large enterprises are achieving real growth," Publications of Darmstadt Technical University, Institute for Business Studies (BWL) 153211, Darmstadt Technical University, Department of Business Administration, Economics and Law, Institute for Business Studies (BWL).
    • Handle: RePEc:dar:wpaper:153211
    Note: for complete metadata visit http://tubiblio.ulb.tu-darmstadt.de/153211/
    as

    Download full text from publisher

    File URL: https://www.kfw.de/PDF/Download-Center/Konzernthemen/Research/PDF-Dokumente-KfW-Klimabarometer/KfW-Climate-Barometer-2024.pdf
    Download Restriction: no
    ---><---

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:dar:wpaper:153211. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Dekanatssekretariat (email available below). General contact details of provider: https://edirc.repec.org/data/ivthdde.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.