Habeck expects billions in losses from energy purchases

Beconomy minister Robert Habeck (Greens) anticipates major losses for the German economy in the current energy crisis. Because of the purchase of energy from sources other than the previous ones, the German economy will lose almost 60 billion euros this year, Habeck said on Thursday at the climate congress of the Federation of German Industries (BDI) in Berlin. In the coming year, there could be a loss of almost 100 billion euros, mainly due to the lack of Russian energy. According to Habeck, “calculated over the years”, this would correspond to two percent of gross domestic product.

Habeck spoke of large sums of money that would flow out "because we have to buy more energy". This money is missing everywhere. “In the various sectors, in substance, in the German economy. That is the macroeconomic situation, ”said Habeck. "The crisis was triggered by the loss of large amounts of energy that were actually planned as safe." This includes not only the supply of gas from Russia but also nuclear power from France. About two-thirds of France's nuclear reactors are down, Habeck said. Currently, just 28 of 56 French nuclear power plants are connected to the grid.

According to Habeck, in its last stress test for the power supply in Germany, Germany assumed that 50 gigawatts of power could be generated again by French nuclear power plants by Christmas. The assumption was based on communication with the relevant authorities in the neighboring country. However, a recent stress test in France resulted in a realistic scenario of only 45 gigawatts, said Habeck. These are probably also the “best case scenarios”.

Stick to the climate goals despite the energy crisis

The use of alternative energies is driving up prices. In times like this, it is important to maintain German industry's ability to invest, said Habeck. Investing in the future must not flag. "Masses of renewable energies are needed," said Habeck. "We need entrepreneurial models for future climate protection."

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