Energy transition: Robert Habeck's securing of prosperity or stubbornness? Expert analysis revealed.

Energy transition: Robert Habeck's securing of prosperity or stubbornness? Expert analysis revealed.

According to a report by finanzmarktwelt.de, Federal Minister of Economics Robert Habeck is currently announcing that the “energy transition will secure prosperity in Germany”. Today's purchasing manager data for Germany shows a poor economic situation, and the Ifo Institute has revised its economic growth forecast downwards. The energy transition will cost a lot of money and companies and citizens will feel the additional burden. Companies are migrating, which is reflected in the closure of companies such as the solar manufacturer Meyer Burger in Saxony, which is moving to the USA.

According to the Federal Ministry of Economics, employment in the field of renewable energies in Germany has increased. The energy transition is therefore said to have positive effects. However, no information was provided on how many jobs would be lost in other sectors due to high energy costs. Employment in solar energy and environmental thermal/geothermal energy has increased, while employment in onshore wind energy has decreased. The main drivers of employment demand are investments in new renewable energy systems and components. Employment in the operation and maintenance of the systems has also increased.

Robert Habeck's recent public statements indicate that there are differences in the federal government, particularly regarding the financing of new gas-fired power plants as an alternative to coal-fired power plants. As finanzmarktwelt.de reports, it is important to monitor the possible impact of these differences on the market and the financial industry, as unresolved domestic political tensions can have a negative impact on economic stability. It remains to be seen how the situation will develop further.