The central task of the Ministry for Economic Affairs and Energy is to reinvigorate the social market economy, stay innovative in the long term and strengthen the social fabric in Germany.
This leads to different objectives, which form a guideline for concrete political action:
- Investment: We are fostering public and private-sector investment. Our goal is to reach an investment rate that is above the OECD average.
- Innovation: We are deploying an active industrial policy. Our approach is to focus on the lead markets and lead technologies of the 21. century, to provide the scientific infrastructure needed to support these, and to improve the way in which innovation is brought to market.
- Infrastructure: We want to make sure that Germany is fit for the future, which is why we are actively promoting the key areas of digital infrastructure and transport infrastructure. We will be investing more in our transport infrastructure and actively continuing our broadband expansion scheme.
- Internationalisation: We want to support German companies - particularly SMEs - as they do business with international growth markets. Furthermore, Germany has to become more attractive for foreign investment.
- Integration of labour and tapping all the skills reserves: The skilled labour available in our country will be a key factor for investment in Germany. We therefore have to tap our domestic skills reserves: This includes reducing the number of school drop-outs and apprentices that do not finish their training. It also means giving people under 35 who have no vocational qualifications a second chance. In addition to this, immigration is and will remain vital for Germany to be able to meet its demand for skilled labour.
- Energy reforms: We will continue to promote our energy reforms, focusing in equal measure on climate and environmental sustainability, security of supply and affordability. Electricity costs are to remain affordable for commercial, industrial and private consumers. We will focus more on cost effectiveness and economic efficiency. Energy efficiency is a core part of our energy reforms and must gain even more importance.
The Federal Ministry for Economic Affairs and Energy therefore needs to constantly guarantee competitiveness and a high level of employment. The Ministry has the necessary legal, administrative and coordinating mandate to fulfil this mission, e.g. in the area of energy, industry and innovation policies as well as in the area of competition, SMEs and European politics.
Our policy is guided by the principles of social market economy and has proved its worth over many years, particularly so during the difficult periods of economic development. We need a forward-looking economic policy in order to secure higher employment and better conditions for the industry and small and medium-sized enterprises in Germany on a lasting basis.
The Federal Ministry for Economic Affairs and Energy includes six authorities:
- The Federal Cartel Office / BKartA (Bonn)
- Federal Office for Economic Affairs and Export Control / BAFA (Eschborn, Bochum)
- The Federal Network Agency for Electricity, Gas, Telecommunications, Post and Railway / BNetzA (Bonn)
- Federal Institute for Materials Research and Testing / BAM (Berlin)
- German National Metrology Institute / PTB (Braunschweig, Berlin)
- Federal Institute for Geosciences and Natural Resources / BGR (Hannover, Berlin)
Modern State - Modern Administration
The Federal Government is guided by the vision of the "Enabling State" and meets the growing challenges by adopting the "Modern State - Modern Administration" Programme. In this process of modernisation, the Federal Ministry for Economic Affairs and Energy focusses on "Modern Management Methods", "Red Tape Reduction" and "BundOnline 2005" (an e-administration initiative run by the Federal Ministries).