We may earn money or products from the companies mentioned in this post. please note that some of the links below are affiliate links, and at no additional cost to you, we will earn a commission when you use one of the links. The company pays us for referral link sharing, which helps us run this blog and give our in-depth content to our readers for free.
BERLIN, March 2 (Reuters) – Germany’s policy response to the energy crisis sparked by Russia’s invasion of Ukraine is “very mixed,” Claudia Kemfert from German economic research group DIW said on Thursday.
Kemfert said in an interview with Reuters TV that some steps that had been taken by Berlin on the expansion of renewable energy were in the right direction.
However, she said, this process was too slow and Germany had invested too much in fossil fuels, such as expanding the infrastructure for liquefied natural gas (LNG).
Germany had not faced energy supply problems over the winter thanks to mild temperatures and high gas storage levels and looking ahead to the next Kemfert said it was “well prepared”.
But energy savings by companies and households remain extremely important, she said, adding that the German government’s gas and electricity price caps meant that people felt they could rely on the state to soften the cost blow.
Latest Updates
View 2 more stories
“That is indeed a big problem and can result in the savings potential not being achieved,” Kemfert said.
Reporting by Maria Martinez; Editing by Alexander Smith
Our Standards: The Thomson Reuters Trust Principles.