Energy policy in Germany: Financial expert warns against premature phase-out of lignite

Energy policy in Germany: Financial expert warns against premature phase-out of lignite

According to a report by www.sueddeutsche.de, the Prime Minister of Saxony-Anhalt, Reiner Haseloff, was critical of the federal government's energy policy. He spoke out against a premature exit from lignite and emphasized the need to significantly increase the energy supply in order to reduce prices. Haseloff warned of the consequences of a rapid coal phase-out and drew attention to the uncertainty and impact on the economy.

The Prime Minister's statements reflect the concerns of some political representatives and economic actors. A premature phase-out of coal could lead to an unclear energy strategy and rising energy costs. Companies could hold back investments or relocate them abroad, which could have long-term effects on competitiveness and location attractiveness.

The chemical industry has also raised concerns as high energy costs could impact competitiveness and impact investments at home and abroad.

A rapid change in energy strategy could therefore lead to increased uncertainty in the economy and long-term negative effects on the market. It is important that the federal government takes into account the interests of the economy and the long-term stability of the energy market when shaping energy policy.