There is an energy crisis in Germany. It is a consequence of the Russian attack on Ukraine and the extensive cessation of contractually agreed gas supplies from Russia to Germany.
The consequences are an insecure energy supply, struggling energy importers, exploding energy prices, inflation, existential threats to economic sectors and households, and a slowdown in the pace of the energy transition in the fight against climate change.
There is a broad consensus on the countermeasures: what is needed is a rapid reduction in energy consumption, especially at peak times, a cap on the price of gas imports from Russia, a siphoning off of chance profits in the energy sector, an accelerated switch to clean energy sources, a rapid restructuring of the energy market and – especially in the coming winter – temporary and generous direct aid for needy households and industries.
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