Energy transition: cost explosion threatens green conversion!

Energy transition: cost explosion threatens green conversion!

The costs for the energy transition in Germany by 2035 are estimated at over 1.2 trillion euros. According to auditors, half of the required investments are already missing, raising questions about financing. Experts such as economist Prof. Clemens Fuest warn of a lack of economic boom because many investments replace existing production capacities and do not create additional ones. This leads to an economic burden instead of the promised economic boom.

The discussion about who will ultimately bear the costs continues to be intense. Politicians had promised an economic recovery through the energy transition, but critics like Fuest emphasize that this is unrealistic. The collapse of the economic potential of coal and nuclear power plants and other infrastructure poses major challenges for Germany.

It is emphasized that Germany must remain attractive as an investment location in order to mobilize private capital. Otherwise, declining private investment could continue to increase. Even with required investments of 1.2 trillion euros, Professor Jens Südekum is optimistic and explains that this is feasible given the gross domestic product. He sees the investments as an opportunity for growth, value creation and increasing exports.

The economist Veronika Grimm's warning against increased state influence and complex funding programs is also highlighted. It emphasizes the importance of promoting private investment and relying on proven solutions such as the Capital Markets Union and attractive tax conditions. Criticism is directed at the unpredictable framework conditions, which could deter private investors and thus hinder economic growth.