How does the German economy need to change? NRW Prime Minister Wüst in an interview

The world economy is at a turning point. There is still a lot to do to make the industrial nation Germany fit for the future. Both the energy crisis and the supply bottlenecks in the past two years have made this clear. The expansion of renewable energies in particular is faltering.

“An essential point in the transformation of the economy is that we have to become faster,” explained Hendrik Wüst, Prime Minister of the State of North Rhine-Westphalia, at the Handelsblatt Industry Summit. He cites the approval times for wind turbines as a negative example. This would amount to seven to eight years in some places. By 2027, however, a thousand new wind turbines are to be erected in NRW.

The reason for the bureaucratic inertia was often the conflict between species protection and the generation of renewable energies. With the federal government’s “Onshore Wind” law, which will come into force in February 2023, the expansion should be much faster in the future. “If you can get approvals faster that way, I’m not worried about the thousand wind turbines,” said Wüst.

In an interview with Kirsten Ludowig, deputy editor-in-chief of the Handelsblatt, the CDU politician also criticizes the federal government: “As a state representative, I start taking notes on television at some point, which costs me all the fun when the three heroes explain the double boom.”

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For example, Wüst considers the electricity and gas price brake to be a “makeshift” and “regulatory madness”. “But it has to be now,” he admits. In the current episode of Handelsblatt Today, the Prime Minister outlines his visions for North Rhine-Westphalia as the number one industrial state and for Germany as a whole.

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