The country’s energy costs are more than any other county in the EU and 2x that of the USA. What will that do for their businesses?
Germany’s top economic advisers and business leaders are saying it’s time to stop pouring money into “clean energy” production.
Their reason: It’s too expensive and there’s little return on investment.
“We need a drastic policy shift,” said Christoph Schmidt, chairman of Germany’s Council of Economic Experts. “They haven’t paid any attention to costs. These are now huge.”
Germany has long vowed to wean itself off of fossil fuels, but the cost of doing so has soared and it is expected to top roughly $1.3 trillion by 2030.