Posted 1/22/2024, 12:20:00 AM
Germany's Green Energy Transition Faces Economic Headwinds
- Germany went all in on green energy transition, but now economy is crumbling due to prolonged energy crisis
- Country closed nuclear plants and had to reactivate coal plants; not on track to meet climate goals
- Signs of economic decline GDP shrank in 2023, high inflation, electricity generation down 20%
- Industries warning they may leave Germany due to high energy costs, manufacturing sector especially hard hit
- Energy crisis shaking up German politics, right-wing populists gaining support, majority want early elections