German energy policy could hurt Germany as location for business investments

Costs connected to the German Energiewende and high industry power prices could hurt the country as a location for business investments, Willem Huisman, president of the chemicals company Dow Germany, told the German Chemicals Industry Association (VCI) in an interview for its website. “Let me make clear: Many investment decisions currently are not in favour of Europe or Germany. This gradual process has already been started and could ban Germany to the last league concerning investments, solely because of the country’s energy policy,” said Huisman.

Read the interview in German here.

Also read the CLEW article Businesses should make proposals to reach climate goals- govt official and the CLEW dossier Energiewende effects on power prices, costs and industry.