Germany's energy policy could lead to a drop in living standards (photo:dpa)

Germany’s energy policy will cost growth, jobs and living standards

Germany’s Energiewende or energy policy was introduced without consultation with its neighbours or the EU, but it is having an impact on both. The assumptions which led to the dramatic change from nuclear power to renewables has been proved wrong and this could accelerate costing Germany jobs, economic growth and a drop in the standard of living.

<i>Germany’s government and political parties have not debated or answered the major question of the Energiewende. How much sense does it make to have a unilateral energy policy when there is a common EU energy policy, a single European energy market by 2014 and common trans-border energy infrastructures, with numerous nuclear power sta...

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Dr. Frank Umbach
The overall costs of the German Energiewende will be extremely high, particularly in the short- and mid-term. It will cost economic growth, jobs and result in declining living standards
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