{"id":276276,"date":"2023-08-29T20:47:34","date_gmt":"2023-08-29T18:47:34","guid":{"rendered":"https:\/\/climatescience.press\/?p=276276"},"modified":"2023-08-29T20:47:48","modified_gmt":"2023-08-29T18:47:48","slug":"germany-is-heading-into-a-recession-caused-by-its-green-energy-policies-as-the-country-is-labelled-the-sick-man-of-europe","status":"publish","type":"post","link":"https:\/\/climatescience.press\/?p=276276","title":{"rendered":"Germany is Heading into a Recession Caused by Its Green Energy Policies, as the Country is Labelled the \u2018Sick Man of Europe\u2019"},"content":{"rendered":"\n
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<\/p>\n\n\n\n

From The Daily Sceptic<\/a><\/p>\n\n\n\n

BY\u00a0RICHARD ELDRED<\/a><\/p>\n\n\n\n

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Germany\u2019s economy is teetering on the edge of recession, with opposition leaders pointing fingers to the Government\u2019s green energy policies as the culprit. The Mail<\/em> has the story<\/a>.<\/p>\n\n\n\n

\n

Once one of the world\u2019s strongest economies, Germany is now expected to have the worst performing economy of any leading nation in the world, according to stats from the\u00a0International Monetary Fund<\/a>\u00a0and the\u00a0Organisation for Economic Co-operation and Development.\u00a0<\/p>\n\n\n\n

Friedrich Merz, the 67 year-old leader of the Christian\u00a0Democrats<\/a>\u00a0opposition party, claims that this slump is a direct result of the Government\u2019s overly bureaucratised green energy policies, which are being led by the Greens in coalition with Chancellor\u00a0Olaf Scholz\u2019s<\/a>\u00a0Social Democrats.\u00a0<\/p>\n\n\n\n

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\u201cUnfortunately, 2023 will be a year of recession,\u201d Mr. Merz told German newspaper\u00a0Bild am Sonntag<\/em>.\u00a0<\/p>\n\n\n\n

\u201cIf the insane amount of bureaucracy isn\u2019t stopped soon, if energy prices don\u2019t fall quickly, then 2024 won\u2019t be a good year either.\u201d<\/p>\n\n\n\n

\"\"<\/figure>\n\n\n\n

The populist leader pledged to \u201clower the tax and levy burden on energy\u201d, \u201cimmediately reconnect decommissioned nuclear power plants to the grid\u201d, and \u201cadopt a moratorium on bureaucracy\u201d.<\/p>\n\n\n\n

He elaborated, saying: \u201cNot a single new law should trigger additional bureaucracy. That means, for example: We would stop the heating law. In this form, it is not only technologically flawed, but also sets in motion a huge new bureaucracy.\u201d<\/p>\n\n\n\n

The pledge came shortly before France\u2019s President Emmanuel Macron openly disagreed with Germany\u2019s current stance on nuclear power, claiming that neglecting the role of nuclear energy in the EU would be a \u201chistoric mistake\u201d.<\/p>\n\n\n\n

Mr. Merz is currently leading in the polls after his party adopted several anti-immigrant policies.\u00a0<\/p>\n\n\n\n

Meanwhile, the Government\u2019s ratings have slumped in recent months. Nearly three quarters of Germans, 73%, are unhappy with the current coalition Government, according to an opinion poll published over the weekend.\u00a0<\/p>\n\n\n\n

The ratings downturn came as new figures revealed that\u00a0Germany<\/a>\u00a0has remained the \u2018sick man of Europe\u2019 as its economy stagnated in the second quarter while the country battles an industrial slowdown and stubborn\u00a0inflation<\/a>.\u00a0<\/p>\n\n\n\n

The outlook for the nation long lauded as Europe\u2019s industrial powerhouse is deteriorating, with its economy registering zero growth from April to June compared with the previous quarter, according to data from the federal statics agency Destatis.\u00a0<\/p>\n\n\n\n

The figures come as a major blow to Germany\u2019s Government, which had boldly doubled its growth forecast for this year after a feared winter energy crunch failed to materialise.<\/p>\nGermany\u2019s stagnating economy \u2013 which had fallen into recession earlier this year \u2013 is in stark contrast to\u00a0Brexit<\/a>\u00a0Britain\u2019s economy, which continues to see growth.\u00a0The U.K.\u2019s economy grew by 0.2% in the second quarter of the year<\/a>, with June\u2019s sunny weather encouraging Britons to eat out and spend more. \u2026<\/cite><\/blockquote>\n\n\n\n

\n

Marcel Fratzscher, head of the Berlin-based DIW institute, says Germany\u2019s problems are structural.<\/p>\n\n\n\n

The country needs a \u201clong-term transformation programme, with an investment drive, a broad (reduction of its bureaucracy) and strengthening of social systems\u201d, he said in an analysis published over the summer.<\/p>\n\n\n\n

Several concerns on the economic front are widely shared \u2013 uncertainty about energy costs in the medium term, cumbersome regulations, a lack of skilled labour and a slow shift to a digital economy.<\/p>\n\n\n\n

And to make matters worse for Germany\u2019s stagnating economy, business chiefs in June warned that the Government\u2019s decision to shut down the last remaining power plants in favour of renewable energy would see critical industries ditch the country amid electricity shortages.\u00a0<\/p>\n\n\n\n

The head of energy firm RWE said he fears that Germany will face a shortage of electricity that will see prices in the already struggling country soar.\u00a0\u2026<\/p>\n\n\n\n

German energy chiefs have blamed the country\u2019s poor economic outlook on the Government\u2019s green energy \u2018disaster\u2019 that has seen\u00a0the last remaining nuclear power plants shut down<\/a>.\u00a0Instead, the focus is now on renewable energy supplies from solar and wind sites.<\/p>\n\n\n\n

But the intermittent nature of these green energy sources, which leaves them susceptible to sudden drops during cloudy or windless periods, means Germany\u2019s electricity system remains vulnerable to electricity shortages and price volatility.<\/p>\n\n\n\n

Krebber warned that this could have a devastating impact on Germany\u2019s industries that are trying in vain to prop up the country\u2019s flailing economy. \u2026<\/p>\n\n\n\n

This is all playing into the hands of Germany\u2019s far-right parties, with the Alternative for Germany (AfD)\u2019s popularity surging in the polls over its criticism of what it calls a costly green agenda.<\/p>\n<\/blockquote>\n\n\n\n

Worth\u00a0reading in full<\/a>.<\/p>\n\n\n\n

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<\/p>\n","protected":false},"excerpt":{"rendered":"

Germany\u2019s economy is teetering on the edge of recession, with opposition leaders pointing fingers to the Government\u2019s green energy policies as the culprit. <\/p>\n","protected":false},"author":121246920,"featured_media":276286,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_coblocks_attr":"","_coblocks_dimensions":"","_coblocks_responsive_height":"","_coblocks_accordion_ie_support":"","_crdt_document":"","advanced_seo_description":"","jetpack_seo_html_title":"","jetpack_seo_noindex":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2},"jetpack_post_was_ever_published":false},"categories":[1],"tags":[691822167,691818051,691819262,691818118,691818206,691822168],"class_list":{"0":"post-276276","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","6":"hentry","7":"category-uncategorized","8":"tag-bureaucratisation","9":"tag-germany","10":"tag-green-agenda","11":"tag-green-energy","12":"tag-nuclear-power","13":"tag-recession","15":"fallback-thumbnail"},"jetpack_publicize_connections":[],"jetpack_featured_media_url":"https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2023\/08\/image-1073.png?fit=1280%2C720&ssl=1","jetpack_likes_enabled":true,"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/paxLW1-19S4","jetpack-related-posts":[{"id":296186,"url":"https:\/\/climatescience.press\/?p=296186","url_meta":{"origin":276276,"position":0},"title":"The green economic miracle is a bloodbath for Germany’s economy","author":"uwe.roland.gross","date":"01\/17\/2024","format":false,"excerpt":"The recession in Germany is here. 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The message is to go easy on the gas, but ultimately even if the national storage tanks were completely full, the largest economy in the EU would only have ten weeks of gas without supplies from Russia. 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