German industry pleads relief from energy costs
Published on: Monday 21 February 2022
German industry called on German Chancellor Olaf Scholz’s administration to take action to address rising energy costs, saying that some companies are considering relocating.
“The rising power and gas prices threaten to crush the economy,” Siegfried Russwurm, president of the BDI industry lobby, said in an interview with the Rheinische Post newspaper yesterday. “Rapid political action is required.”
Germany has long had some of the developed world’s highest energy prices, but the situation has worsened as Europe’s largest economy shutters nuclear plants and winds down coal as well.
With an expansion of renewable power generation struggling to keep pace, the country
