Germany's Energy Crisis
Germany is facing economic calamity, including potential collapse. Sounds like Joe Biden is doing his best to follow Germany's lead
By Jack Dini —— Bio and Archives--August 21, 2022
Global Warming-Energy-Environment | Comments | Back To Full Article
Germany has earmarked 200 billion euros ($220 billion) to fund industrial transformation between now and 2026, including climate protection, hydrogen technology and expansion of the electric vehicle charging network. 1 Now, after pouring billions of those dollars into green energy, Germany is facing economic calamity, including potential collapse should Russia shut off gas supplies. The collapse comes after Germany unveiled their plan to spend $220 billion to transfer all their energy to renewable sources. Russia's natural gas cuts are occurring as households are suffering from CO2 price increases and a rise in inflation. Germany's economy relies on Russia for 35% of its natural gas supply. 2
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