Germany is paying the price of its energy switch to renewables
Germany’s Energiewende’ or energy transformation programme was a knee-jerk reaction by the government following Japan’s Fukushima nuclear catastrophe in 2011 to make an immediate switch away from nuclear power and transform its energy system. The dramatic change has come at a price which sees high energy prices, huge subsidies for industries using a lot of power and an impact on exports.
<i>Germany is at a crossroads. Its badly organised and mismanaged energy market and incoherent and imbalanced Energiewende strategy are causing costs to spiral for private customers and industry. It is threatening national competitiveness on global markets and placing Germany’s economy at incr...
- Report is targeted to the decision makers in cross country manufacturing – suppliers, manufacturers, logistics.
- Also considered useful for the administrative university facilities, to better understand the possible effects of current decisions.