German car manufacturing is doing badly partly because they suppressed electrical or even hybrid tech, but also because of high energy prices.
High energy prices are partly caused by an irresponsible energy policy. The war in Ukraine is the other part.
High energy prices also affect Germany’s two other staples, mechanical engineering and chemical engineering. The chemistry sector is flatlining.
For context, chemical separation methods alone account for roughly 20% of industrial energy consumption worldwide, and Germany is a major player in this field. So high energy prices have a very real impact which can not be offset onto the buyers forever - the factories will just relocate and once they’re gone, they won’t easily come back.
German high energy prices are not result of abandoning expensive short term nuclear refurbishments. It is pure colonial extortion by US to force them into war on Russia, and buy US LNG. Global coal prices have risen as well as a result of EU LNG dependence. Any renewables mitigate those establishment energy costs. The one bad energy policy has is not letting industry participate in wholesale electricity markets. They are forced to use fixed rates.
Germany could have closed their coal plants decades ago and decided not to. Now it has decided to be a leech on France’s and Sweden’s nuclear. Yes nuclear is expensive, so I hope you won’t be surprised when France and Sweden finally put their foot down and let Germany try to run their grid on wind, or pay a premium on baseload.
And yes it sucks that the USA stirred up shit in Ukraine, throwing Europe and especially Germany under the bus. Luckily Iran is taking care of that.
German car manufacturing is doing badly partly because they suppressed electrical or even hybrid tech, but also because of high energy prices.
High energy prices are partly caused by an irresponsible energy policy. The war in Ukraine is the other part.
High energy prices also affect Germany’s two other staples, mechanical engineering and chemical engineering. The chemistry sector is flatlining.
For context, chemical separation methods alone account for roughly 20% of industrial energy consumption worldwide, and Germany is a major player in this field. So high energy prices have a very real impact which can not be offset onto the buyers forever - the factories will just relocate and once they’re gone, they won’t easily come back.
German high energy prices are not result of abandoning expensive short term nuclear refurbishments. It is pure colonial extortion by US to force them into war on Russia, and buy US LNG. Global coal prices have risen as well as a result of EU LNG dependence. Any renewables mitigate those establishment energy costs. The one bad energy policy has is not letting industry participate in wholesale electricity markets. They are forced to use fixed rates.
Germany could have closed their coal plants decades ago and decided not to. Now it has decided to be a leech on France’s and Sweden’s nuclear. Yes nuclear is expensive, so I hope you won’t be surprised when France and Sweden finally put their foot down and let Germany try to run their grid on wind, or pay a premium on baseload.
And yes it sucks that the USA stirred up shit in Ukraine, throwing Europe and especially Germany under the bus. Luckily Iran is taking care of that.