{"id":292807,"date":"2023-12-28T08:30:29","date_gmt":"2023-12-28T07:30:29","guid":{"rendered":"https:\/\/climatescience.press\/?p=292807"},"modified":"2023-12-28T08:30:32","modified_gmt":"2023-12-28T07:30:32","slug":"germany-renewable-energy-sector-facing-the-abysson-the-brink-economy-breaking-up","status":"publish","type":"post","link":"https:\/\/climatescience.press\/?p=292807","title":{"rendered":"Germany: \u201cRenewable Energy Sector Facing The Abyss\u201d\u2026\u201dOn The Brink\u201d \u2026Economy Breaking Up"},"content":{"rendered":"\n
\"\"<\/figure>\n\n\n\n

<\/p>\n\n\n\n

From NoTricksZone<\/a><\/p>\n\n\n\n

By P Gosselin<\/a> on 27. December 2023<\/p>\n\n\n\n

Germany\u2019s\u00a0Blackout News here reports<\/a>\u00a0on how Germany\u2019s move into renewable energies has gone from \u201ca boom to crisis\u201d.<\/strong><\/p>\n\n\n\n

\"\"
The policies of (worst ever) Economics Minister Robert Habeck (Green Party) are leading the German economy to disaster. Photo: public domain.\u00a0<\/em><\/figcaption><\/figure>\n\n\n\n

It wasn\u2019t long ago, when interest rates and inflation were low, and the economy and the business of renewable energies in Germany were booming.<\/p>\n\n\n\n

But now, Blackout News reports<\/a> how \u201cthe outlook for the renewable energy sector has deteriorated drastically\u201d and affordable raw materials have become hard to get. Manufacturers are now reeling. \u201cThe renewable energy sector is facing the abyss\u201d and is \u201con the brink.\u201d<\/p>\n\n\n\n

\u201cThe S&P Global Clean Energy Index, which monitors the performance of the sector, has fallen by 32% in the last 12 months, while the global stock markets have risen by 11%,\u201d writes\u00a0Blackout News<\/a>. \u201cThese losses on the stock market not only affect the companies themselves, but also the investors and shareholders who have invested in renewable energies.\u201d<\/p>\n\n\n\n

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

Entire article (German) here<\/a>.<\/p>\n\n\n\n

Reduced work hours, job cuts<\/strong><\/p>\n\n\n\n

Blackout News also reports<\/a>\u00a0how the German economy in general, the biggest in Europe, is crumbling at its foundation. For example, construction equipment manufacturer Liebherr \u201cis putting 1000 employees on short-time working for 9 months.\u201d<\/p>\n\n\n\n

Also Stiehl, Gardena and Hansgrohe, are \u201copting for short-time working and job cuts.\u201d<\/p>\n\n\n\n

Other famous German companies planning cuts include textile group Groz-Beckert in Albstadt-Ebingen, and chainsaw manufacturer Stihl,<\/p>\n\n\n\n

\u201cRising inflation and the construction crisis are two of the main reasons for the current economic uncertainty. Rising inflation is putting a strain on households,\u201d reports Blackout News<\/a>.<\/p>\n\n\n\n

The major driver of inflation and all the German economic misery? The rising cost of energy caused by the government\u2019s incompetent energy policies.<\/p>\n\n\n\n

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

Germany\u2019s\u00a0Blackout News here reports\u00a0on how Germany\u2019s move into renewable energies has gone from \u201ca boom to crisis\u201d.<\/p>\n","protected":false},"author":121246920,"featured_media":292813,"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":"Germany\u2019s\u00a0Blackout News here reports\u00a0on how Germany\u2019s move into renewable energies has gone from \u201ca boom to crisis\u201d.","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":false,"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":[691819630,691818051,691819094,691825727],"class_list":{"0":"post-292807","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","6":"hentry","7":"category-uncategorized","8":"tag-energy-crisis","9":"tag-germany","10":"tag-renewable-green-energy","11":"tag-the-sp-global-clean-energy","13":"fallback-thumbnail"},"jetpack_publicize_connections":[],"jetpack_featured_media_url":"https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2023\/12\/image-736-1024x576-2.webp?fit=1024%2C576&ssl=1","jetpack_likes_enabled":true,"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/paxLW1-1eaH","jetpack-related-posts":[{"id":232792,"url":"https:\/\/climatescience.press\/?p=232792","url_meta":{"origin":292807,"position":0},"title":"Biggest Losers: Thousands Sacked As Germany\u2019s Wind Turbine Makers Face Financial Doom","author":"uwe.roland.gross","date":"07\/12\/2022","format":false,"excerpt":"Cut the subsidies to wind power and turbine makers soon fold.\u00a0Siemens Gamesa has\u00a0been axing hundreds of jobs in Europe and America\u00a0as the wheels come off the renewable energy gravy train.","rel":"","context":"Similar post","block_context":{"text":"Similar post","link":""},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2022\/12\/0594082ae47246.webp?fit=1120%2C630&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2022\/12\/0594082ae47246.webp?fit=1120%2C630&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2022\/12\/0594082ae47246.webp?fit=1120%2C630&ssl=1&resize=525%2C300 1.5x, https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2022\/12\/0594082ae47246.webp?fit=1120%2C630&ssl=1&resize=700%2C400 2x, https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2022\/12\/0594082ae47246.webp?fit=1120%2C630&ssl=1&resize=1050%2C600 3x"},"classes":[]},{"id":229366,"url":"https:\/\/climatescience.press\/?p=229366","url_meta":{"origin":292807,"position":1},"title":"Germany\u2019s Compounding Energy Woes: Even Wind Power Industry Is \u201cSliding into Crisis\u201d","author":"uwe.roland.gross","date":"15\/11\/2022","format":false,"excerpt":"Wind energy is supposed to step in and play a key role in supplying Germany with energy as other sources get cut off. 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