Urban economy's 20XX exploration reveals range of state-owned businesses
In the heart of Germany, the city of Hamburg has made a significant stride towards a greener and more equitable future. The Hamburg Senate has declared 2023 as the Year of Municipal Economy, marking a commitment to fostering a thriving, sustainable, and inclusive urban economy.
One of the key players in this initiative is Hamburg Wasser, which is expanding its own renewable energy production. The municipal economy aims to present itself as a job engine, creating additional training places during the Corona pandemic. This move underscores the city's dedication to supporting its workforce and driving economic growth.
The municipal economy strategy, adopted by the Hamburg Senate in March 2022, focuses on around 80 public companies in the areas of mobility, energy, culture, and health. These institutions are at the forefront of Hamburg's ambitious plans to create a sustainable metropolis, with four target clusters: "Efficiency and performance", "Economy", "Climate and Environment", and "Social Responsibility".
The Senate has also approved a draft for the renewal of the Climate Protection Act, demonstrating the city's commitment to tackling climate change. Hamburg aims to reach climate neutrality five years later than the municipal economy, with the municipal economy aiming to become a pacemaker on the way to climate neutrality and operate climate-neutrally from 2040.
The institutions behind the Hamburg municipal economy include the Hamburg Senate, which supports public enterprises by adopting measures like a new guideline for sustainable public procurement. This promotes transparency and sustainability in public contracts, ensuring that the city's growth is aligned with its environmental goals. The Senate also plans for the future by creating frameworks that support public companies in modernizing and integrating sustainability, ensuring long-term viability of municipal services.
An event called the Day of Municipal Economy will be held on September 2, 2023, on the Gänsemarkt in Hamburg Neustadt. Various public companies will open their doors, including the Thalia Theater and Hamburg Airport, offering the public a unique insight into the workings of the municipal economy.
To further educate the public about the structure, management, segments, and common good contributions of the municipal economy, an exhibition will run from August 9 to 29, 2023, in the foyer of the Hamburg Town Hall.
Hamburg's municipal economy consists of 360 companies with over 74,000 employees and a balance sheet total of around 41 billion euros. The city has been ranked among the most promising cities of the future in a study, reflecting the positive impact of these initiatives.
For more information about the municipal economy of Hamburg, visit hamburg.de. The municipal economy wants to be a role model for equal opportunities, with 48 percent women represented in supervisory boards and 25.6 percent in management. This commitment to diversity and inclusion is a testament to Hamburg's forward-thinking approach to urban development.
Stromnetz Hamburg has drawn a positive balance and is investing in network expansion. The city's commitment to a sustainable future extends to its infrastructure, ensuring that Hamburg remains a leader in the global transition towards a greener, more equitable future.
