The federal government's Energy Strategy 2050 aims to significantly reduce energy consumption, especially in businesses. For this to succeed, policy-makers must create a reasonable framework and incentives, such as taxes, subsidies and regulations designed to encourage companies to implement environmentally friendly innovations. In order to determine which political instruments work best, the researchers involved in this project sent a questionnaire to 20,000 companies in Germany, Austria and Switzerland. More than 4500 replied.
The survey revealed that the current legal prescriptions are only moderately effective in encouraging companies to adopt environmentally friendly technologies. And above all, they do not have a major impact on the level of investment into these technologies. Differences between the three countries were observed: taxes are most effective in Germany, subsidies in Austria and voluntary agreements in Switzerland. The researchers came to the conclusion that simply adopting a well-functioning model from another country is not the appropriate solution. Due to the fact that the entire legal environment plays an important part in its success, not every model works equally well in every country.