Next German government must break 鈥渧icious cycle鈥� of energy prices
The four parties that currently negotiate whether to form Germany鈥檚 next coalition government must adopt a programme designed to break the 鈥渧icious cycle鈥� of energy prices, Michael Bauchm眉ller writes in an op-ed for the S眉ddeutsche Zeitung. A drop in demand for fossil fuels caused by an increased use of renewable energy sources and electric cars is likely to lead to falling oil prices, 鈥� with in turn could have grave consequences on ambitions to decrease the use of oil, Bauchm眉ller says. A new German 鈥楯amaica coalition鈥檊overnment of the conservative CDU/CSU alliance, the pro-business FDP, and the environmentalist Green Party could counter this trend 鈥渂y reducing power taxes and increasing the taxation of climate-damaging transport and heating fuels鈥�, he argues. 鈥淚f markets fail to give the signal as a low oil price cements the status quo, it will fall on policy to change the course鈥�, Bauchm眉ller says.
Read the article in German .
See the 威力彩玩法 factsheets Germany鈥檚 dependence on imported fossil fuels and Germany ponders how to finance renewables expansion in the future for more information.