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llama@midwest.social to World News@beehaw.orgEnglish · 2 years ago

German energy prices are so high they're driving companies to relocate, industry body says

www.cnbc.com

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German energy prices are so high they're driving companies to relocate, industry body says

www.cnbc.com

llama@midwest.social to World News@beehaw.orgEnglish · 2 years ago
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Business conditions in Germany have created a "cocktail" of obstacles for companies, according to Siegfried Russwurm from the German Industry Federation.
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  • CookieJarObserver@feddit.de
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    2 years ago

    deleted by creator

  • mate_classic@feddit.de
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    2 years ago

    Says the highest industry lobbyist of the country. I don’t by it.

  • Kresten
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    2 years ago

    As to be expected. By political initiative, they shut down their nuclear power a while back

    • agarorn@feddit.de
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      2 years ago

      Nuclear had nearly no effect on the energy prices in germany. Here is an overview: https://www.zeit.de/wirtschaft/energiemonitor-deutschland-gaspreis-spritpreis-energieversorgung?utm_referrer=https%3A%2F%2Fduckduckgo.com%2F

      Consumer prices are gradually decreasing since the turn off on April 15, the stock price was lower for a while and now rose because of gas. This is the main driving factor.

    • pitninja@lemmy.pit.ninja
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      2 years ago

      I remember reading they were shutting down nuclear power nationwide however many years ago and thinking that was a big mistake. Yes nuclear currently produces a lot of waste material that we have to store, but it’s still one of the cleanest and safest energy sources we have as a species.

      • Kresten
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        2 years ago

        An immediate google search says that the US generates 4 cubic metres of waste annually. It’s not even that much 🤷

        • pitninja@lemmy.pit.ninja
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          2 years ago

          True, though the amount produced is less of a concern than the amount of space and storage requirements necessary to make sure we don’t accidentally irradiate things we care about.

          • Kresten
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            2 years ago

            That’s because of over-the-top safety concerns, burying it underground is fine :)

  • agarorn@feddit.de
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    2 years ago

    Unfortunately no numbers or sources in the article. Here is at least a source for private energy, you can see that it is close to EU average. https://ec.europa.eu/eurostat/statistics-explained/index.php?title=File:Electricity_prices_for_household_consumers,_second_half_2022_v5.png

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