Cross-party workshop with technical experts across parliamentary groups

Germany's economic strength is based on its high-performance, competitive and diversified industry. German industry has a long history of economic success, be it in engineering and machinery, automotive, the electrical industry or chemical production: everywhere in this country traditional companies and products stand for innovation and highest global quality standards. It is not without reason that "Made in Germany" enjoys an excellent reputation for highest quality products. Germany’s industry is the backbone to our economy, generating 2.5 trillion euros of revenues per year, while providing around 8 million jobs in integrated value chains.

Enabling decarbonization, fostering competitiveness while securing jobs and creating prosperity is one of the most important tasks of our time. It also provides the basis for government’s broader ability to act and for citizens to regain trust in uncertain times. Various studies estimate that an average annual investment of EUR 540 billion will be required by 2045 to [MK1] modernise our business location in a climate-neutral way. Around 80 percent of that investment needs to be mobilized from the private sector. In order to provide targeted financing to enable the transformation in industry to re-establish competitiveness of the German and European economy, a much better integration and alignment of decision making between real economy and financial institutions based on a reliable and consistent political framework. Today, a number of substantial inconsistencies and outright obstacles from a real and financial perspective exist. What are they, how can they be systematized and addressed?

The workshop aims at technical experts across fractions in parliament discussing subject areas relevant to the transformation. We investigate the status of decarbonising value chains in cement and steel production, and strategic approaches to transition finance in Germany. We identify potential to increase efficiency and speed of transformation ensuring competitiveness, securing employment and consistently exploiting growth opportunities.