The energy transition is a powerful economic driver for the Hanover region. A study by DIW Econ shows that an ambitious energy transition by 2035 would result in additional investments of around €24.9 billion, €14.3 billion of which would directly benefit the Hanover region. This could generate around €9.5 billion in gross value added and create an average of around 4,100 jobs. Local budgets would also benefit significantly, with projected additional tax revenues of around €470 million.
These results demonstrate that climate protection and economic success go hand in hand. By consistently implementing the energy transition and making ambitious investments, the Hanover region can further expand its pioneering role on the path to achieving climate neutrality by 2035.
The economic effects in four sectors were examined: electricity; transport; buildings and heat supply; and industry. Almost 60% of the investments remain directly in the region, strengthening the crafts sector, the construction industry and regional companies in particular. In addition to the measurable economic effects, the energy transition also strengthens innovation, location attractiveness, security of supply and regional value creation.
Official portal of region of Hanover
With around 30,000 students from 125 countries, 17 faculties and 119 degree programs, TU Dresden is one of the leading technical universities in Germany. As a University of Excellence and part of the DRESDEN-concept alliance, it drives innovation and strengthens Saxony as a business location through research cooperations and spin-offs.
But what concrete contribution does the TU Dresden make to regional value creation and employment? Which economic and structural effects can be identified? In our current study, we investigate these and other questions – from direct demand stimulation to long-term growth effects. It becomes clear that TU Dresden is much more than just a university – it is an engine for the economic and social development of the region.
Residential construction has been a major contributor to Germany’s economic growth in recent decades. However, current forecasts point to a worrying decline in the real volume of residential construction, which could have far-reaching consequences. This development underlines the urgent need to strengthen residential construction as a driver of economic recovery.
Whether a sustainable lifestyle is financially worthwhile for households is a matter of public debate. The high initial investment in particular reinforces the prejudice that switching to renewable energies is the morally correct but expensive alternative to a fossil-fuelled lifestyle. A cost comparison carried out by DIW Econ on behalf of Enpal B.V. suggests that the opposite is true.
According to the German Packaging Act, the target for reusable beverage packaging is 70%. With a recent figure of 43.1%, this target is still far from being met, and political targets for increasing the proportion of reusable packaging are increasingly becoming the focus of public debate.