Construction workerssymbolizes Social Market Economy; Quelle: Getty Images/Helen King

© Getty Images/Helen King

The Social Market Economy

The Social Market Economy

Our free and open society is characterised by the notion of solidarity and by the principles of the social market economy. According to these principles, the government must afford businesses freedom to operate on a level playing field whilst also promoting prosperity and social security for the people living in Germany.

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EU flag symbolizes European Economic Policy; Source: iStock.com/instamatics

© iStock.com/instamatics

European Economic Policy

The European economy and the internal market

The European Union (EU) is a guarantor of peace, stability, safety and not least of prosperity in Europe. It provides invaluable benefits for Germany, its citizens and its companies, especially access to the EU internal market, which forms the foundation of the EU.

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Computer chip and gas fiber, symbolic of digitisation; Source: Getty Images / Rafe Swan

© Getty Images / Rafe Swan

Digitisation

Taking control of the digital transformation

Digitalisation is a global trend that is transforming every aspect of our lives. The digital transformation offers tremendous potential for improving people’s quality of life, for creating revolutionary business models and for doing business more efficiently.

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Offshore wind farm; Source: ABB

© ABB

The Energy Transition

The Energy Transition

The energy transition is our pathway into a future that is secure, environmentally-friendly, and economically successful. We are in the process of overhauling Germany’s energy supply, moving away from nuclear and fossil fuels towards renewables and better energy efficiency.

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Newsletter Energiewende direkt

© adobestock.com/romankosolapov

Newsletter "Energiewende direkt": Industrial sector a more flexible partner in the energy transition

By 2030, renewable energy is to cover 65% of German electricity consumption - more flexible energy consumption by German industry can improve grid stability: Companies are doing research into solutions for this in the five SINTEG showcases.

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