Achieving the German government’s climate targets will require investments totaling 721 billion euros by 2030. This is according to the latest „Energy Transition Progress Monitor“ by management consultants EY and the industry association BDEW, which was published on Tuesday. At 353 billion euros and 281 billion euros, the expansion of renewable energies and the electricity grids require the largest amounts by far. Investments in the district heating network (32 billion), electrolyzers (23 billion), storage facilities (17 billion) and the hydrogen core network (15 billion euros) are significantly lower. Another 490 billion euros of investment will be required by 2035.