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Energy intensive industries are leaving Germany, and energy bills are more expensive that they'd have to be.
by ovi256 3y ago
Energy intensive industries are leaving Germany, and energy bills are more expensive that they'd have to be.
- hef19898 3y agoI hear that all the time, it doesn't show in actual industrial sites being diamantled. That would take much longer than we had this discussion. It worked so, industry will get electricity subsidies now, so that talking point worked great.
- ovi256 3y agoYou should google "Germany industrial site shutdown" and see the closing down announcements. "Chemicals producer BASF to axe jobs at energy intensive production sites in Germany" "Tyre maker Michelin announces closure of German sites" "Rust belt on the Rhine"
- hef19898 3y agoThese news predate renewable energies, read it started back in the 90s (propably eatlier, but that is when I cared enough to remember). You know something else? The majority of chemical sites in Germany is old, and environmental constraints became quite severe. Guess where new investment goes then.
- ovi256 3y agoThese are all closures from 2023
- KingOfCoders 3y agoEnergy intensive industries do not use electricity but gas.And Germany had some pretty below market deals with Russia for the German chem industry. Now it pays the same as everybody else.
- ovi256 3y agoAnd the gas supply bad new are not over. Ukraine's gas transit agreement with Russia, which allows RU to export nat gas through Ukraine to Poland, Germany and Austria, will expire in 2024 and Ukraine doesn't look in an easy mood to renew it.