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Germany spends already around 1.5% of their GDP on energy subsidies, and is the 8th largest in term of subsidies per GDP, and in absolute numbers, the highest o
by belorn 5y ago
Germany spends already around 1.5% of their GDP on energy subsidies, and is the 8th largest in term of subsidies per GDP, and in absolute numbers, the highest one by 200% to the nearest country. €50 billions is spent each year, with a bit over 50% going to renewables and around 30% going to fossil fuels.
I can understand in some ways that they do not want to spend more than €50 billions a year on subsidies. It is already a lot of tax money. The question however is what they are getting for those €50 billions they are already spending, and if the result is a desirable one. Being dependent on Russian gas and oil is a pretty high price to pay, especially when it help fund invasion forces into EU.
(Source: https://ec.europa.eu/energy/sites/default/files/annex_to_the_state_of_the_energy_union_report_on_energy_subsidies_in_the_eu.pdf https://ec.europa.eu/energy/sites/default/files/annex_to_the...)
- Azsy 5y agoUkraine has a significant potential for gas and shale fields. One of the reasons the EU has been getting friendly with Ukraine. Putin knows his way of life, and the Russian budget to consider doing something like this, is gone when those become active. The thing that's a little crass to say right now, is that: Russia imploding to focus internally, Putin gone, Ukraine integrating further into the EU, is like a full bingo card of items that was strictly in the 'keep dreaming' section 3 months ago. Now it is the best outcome for the EU. Still unlikely, but not categorically impossible.