To provide relief from the deepening pandemic crisis, Bavaria Prime Minister has called for the suspension of Germany’s carbon tax and renewable energy subsidies which have made electricity rates in Germany among the world’s highest.
The draconian measures implemented to cub the so-called COVID-19 pandemic are having a profound impact on the German economy as millions of self-employed have seen business wiped out, and even large industries such as Mercedes, VW and BMW are halting production.
Even worse is the unprecedented (postwar) degree of uncertainty that now looms. How long are the strict measures going to stay in place?
Will the economy be able to rebound? Where’s the money to pay for it all going to come from? How do we get relief to the citizens? Not since WWII has Germany been confronted with such monumental challenges.
Suspend green energy feed-in tariffs
One place to start for providing relief, says Bavaria Minister President Markus Söder, is a suspension of the punishing EEG levy and electricity tax, which have made electricity rates in Germany among the world’s highest. reports pv magazine.
Minister President Söder is calling for rapid and extensive aid from the Federal Government to keep the economy crashing.
In a speech in the State Parliament in Munich yesterday, Söder called on the Federal Government to come up with a rapid and comprehensive federal aid package for industry, saying 100 to 150 billion euros were needed.
“Among other things, he called for the suspension of the electricity tax and EEG levy. This would help many companies and private households,” reported the online German pv magazine.
23.9 billion euros just for feed-in levies
Currently German consumers and industry are paying over €20 billion annually in mandatory feed-in tariffs for renewable energies such as wind and solar.
via The Global Warming Policy Forum (GWPF)
March 21, 2020 at 04:58AM