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This voluntary initiative came from Green economy policies, practices and initiatives
Description/achievement of initiative
In Germany, environmental technology is established as an economic force to be reckoned with and it pans out across the whole broad spectrum of environmental technology.
Source: Federal Ministry for the Environment, Nature Conservation and Nuclear Safety, Germany
"GreenTech made in Germany" mainly focuses on increase in energy efficiency, material efficiency, waste management and recycling, sustainable mobility, sustainable water management and environmentally friendly power generation and storage. They are all key green markets of the future. Environmental technologies generated around 8% of Germany's GDP in 2007. By 2020, this share will have climbed to 14%. In 2007 they already represented a global market volume of around 1,400 billion euro, and this will probably more than double to 3,100 billion euro by 2020.