FT: Germans told of billions lost to trade due to energy policy
Germany’s exports would have been €15bn higher last year if its industry had not paid a premium for electricity compared with international competitors, according to an analysis published on Thursday.
Despite Germany’s strong export performance in recent years, Europe’s biggest economy has been dented by the nation’s costly shift to renewable energy, IHS consultants said in a report.
They found that the energy price differential between Germany and its five leading trade partners cost the nation’s manufacturing sector €52bn in net export losses for the six-year period from 2008 to 2013. MORE