The subsidies are expected to reach around €20 billion this year, which is double the initial estimate. This has raised concerns about the financial sustainability of the subsidy system and its impact on the economy.
Germany’s economy unexpectedly shrink in the second quarter of 2024. This contraction has been attributed to various factors, including high inflation and reduced industrial output.
🇩🇪Germany is buckling under the weight of ballooning renewable energy subsidies, raising questions for governments across the world about how long they can afford to prop up green investments.
While the country’s decades-old support measures have been key to cutting global… https://t.co/qJgKV3GAHj
— Tracy (𝒞𝒽𝒾 ) (@chigrl) July 30, 2024
NEW – German economy unexpectedly shrinks in second quarter https://t.co/KqyFbFvErB pic.twitter.com/ogp1zyGd01
— Insider Paper (@TheInsiderPaper) July 30, 2024
https://finance.yahoo.com/news/germany-plans-cut-renewable-subsidies-100455879.html
https://www.politico.eu/article/germany-energy-price-subsidy-industry-competition/
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