The strategy of the German government to overcome the energy crisis
UDC: 339.92
DOI: 10.33285/1999-6942-2023-6(222)-59-65
Authors:
POPADKO ARTEM M.
1
1 E.M. Primakov National Research Institute of World Economy and International Relations, Russian Academy of Sciences, Moscow, Russia
Keywords: Germany, energy sector, energy crisis, energy transition, recession, inflation
Annotation:
In response to the acute energy crisis, the German government launched a broad program of support for households and the corporate sector as well as decided to accelerate the energy transition. The economic and energy policy is subordinated to the ideological goal of achieving "net zero emissions", the government is ready to bear the increased social-economic costs of implementing such a policy. The interests of many stakeholders, including those in some manufacturing industries, that undermine the forced energy transition, are not taken into account.
Bibliography:
1. Shuvalova O.V., Vorontsov D.A. Energeticheskiy perekhod v Germanii na primere deyatel'nosti kompaniy "E.ON" i "RWE" // Problemy ekonomiki i upravleniya neftegazovym kompleksom. – 2022. – № 2(206). – S. 65–70. – DOI: 10.33285/1999-6942-2022-2(206)-65-70
2. Belov V.B. Antikrizisnye mery pravitel'stva Germanii v sfere energetiki // Nauch.-analit. vestn. In-ta Evropy RAN. – 2022. – № 4(28). – S. 116–132. – DOI: 10.15211/vestnikieran42022116132
3. Annual Economic Report 2023 – Renewing Wealth. – URL: https://www.bmwk.de/Redaktion/DE/Pressemitteilungen/2023/01/20230125-jahreswirtschaftsbericht-2023-wohlstand-erneuern.html
4. Wirtschaftlicher Abwehrschirm gegen die Folgen des russischen Angriffskrieges. – URL: https://www.bundesregierung.de/resource/blob/997532/2130920/2046cb91023bbd61eca3f3102c987fe8/2022-09-29-finanzieller-abwehrschirm-data.pdf?download=1
5. The third relief package. Germany stands united at this challenging time. – Press and Information Office of the Federal Government of Germany, 2023. – URL: https://www.bundesregierung.de/breg-en/news/third-relief-package-2123130
6. Germaniya. Tsena na elektroenergiyu. – URL: https://ru.tradingeconomics.com/germany/electricity-price
7. Fraunhofer ISE. Energy Charts. – URL: https://energy-charts.info/charts/energy_pie/chart.htm?l=en&c=DE&source=total
8. Germany’s energy crisis is ‘more or less solved’ and its economy is safe, Bundesbank’s Nagel says. – URL: https://www.cnbc.com/2023/04/13/bundesbanks-nagel-energy-crisis-is-solved-german-economy-is-safe.html
9. PMITM by S&P Global. – URL: https://pmi.spglobal.com/Public/Home/Index?language=en
10. Der 1-Billion-Euro-Job: DeutschlandsPfadaus der Klimakrise. – URL: https://www.bloomberg.com/news/articles/2023-02-25/energiewende-rechnung-deutschland-bluhen-1-billion-euro-kosten
11. Bloomberg. About BASF SE. – URL: https://www.bloomberg.com/quote/BAS:GR
Back to issue