Germany spends already around 1.5% of their GDP on energy subsidies, and is the 8th largest in term of subsidies per GDP, and in absolute numbers, the highest one by 200% to the nearest country. €50 billions is spent each year, with a bit over 50% going to renewables and around 30% going to fossil fuels.
I can understand in some ways that they do not want to spend more than €50 billions a year on subsidies. It is already a lot of tax money. The question however is what they are getting for those €50 billions they are already spending, and if the result is a desirable one. Being dependent on Russian gas and oil is a pretty high price to pay, especially when it help fund invasion forces into EU.
I can understand in some ways that they do not want to spend more than €50 billions a year on subsidies. It is already a lot of tax money. The question however is what they are getting for those €50 billions they are already spending, and if the result is a desirable one. Being dependent on Russian gas and oil is a pretty high price to pay, especially when it help fund invasion forces into EU.
(Source: https://ec.europa.eu/energy/sites/default/files/annex_to_the...)