Electricity prices in Germany are among the highest in Europe. There are calls from the ranks of the SPD and Greens for a subsidized industrial electricity price. Jorgo Chatzimarkakis, head of Hydrogen Europe, thinks this is the wrong approach. The focus should be on importing renewable energy and green hydrogen – as well as reducing the electricity tax to an EU minimum and technological diversity.

The German economy is not growing this year . This is what the International Monetary Fund (IMF), the German Economic Institute (IW) and now also the OECD assume. The OECD experts are forecasting a decline in economic output of 0.2 percent for Germany this year.

In addition, contrary to the trend in other large industrialized countries, the process of gradual deindustrialization is emerging in the Federal Republic . An example of this: The chemical company BASF is cutting 2,500 jobs in Ludwigshafen. The systems are simply no longer economically worthwhile. Along with high interest rates and weak exports, the high price of electricity is one of the main reasons for the shrinking of the German economy – and thus for deindustrialization.