2024-09-04 09:00:08
Economy
Energie
Politics
Energy-intensive Industry: Merz warns traffic light coalition endangers industrial companies' existence
Image courtesy of : AFP (ODD ANDERSEN)
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Merz, the Union faction leader, warns that the economic policy of the traffic light coalition endangers the existence of many industrial companies. The Georgsmarienhütte steelworks and Volkswagen are threatened as high electricity prices undermine their competitiveness. An electric furnace in the steelworks that melts scrap consumes as much electricity as the entire city of Osnabrück. Germany is in a recession, for which Merz blames the federal government. Merz criticizes that the locations in..
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European trade union warns of exodus of green jobs
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The EU's 'Green Deal' promised new jobs in green industries to offset job losses elsewhere. However, these jobs are currently being created primarily outside Europe, warns the general secretary of the largest EU industrial trade union. While European industries are grappling with transition targets to move towards climate neutrality by 2050, the Union's leading industrial trade union is concerned that they could be heading towards a 'brutal economic period', Judith Kirton-Darling of IndustriAll..
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European car industry keeps European union leaders awake at night
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European trade union leader Judith Kirton-Darling is concerned about the crisis in the automotive industry; decline in electric vehicle sales; lack of new "green" jobs in Europe; EU funding for electric cars demanded.
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CO2 Limit - Now the Traffic Light Coalition Opposes the EU Battery Plan that Threatens Germany's Automotive Industry
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The federal government is opposing a planned EU regulation that prescribes strict CO2 limits for batteries. This could make it more difficult to establish new battery cell factories in Germany and endanger the economy. The federal government argues that the method for calculating the carbon footprint should not undermine investments in EU battery production, but rather distinguish a clean European production from less climate-friendly imports.
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