Guest commentary: German industry needs an energy plan, not a price debate
Germany should leverage its geographical location to gain a locational advantage in energy supply. Then, a new economic miracle will succeed, says Christian Bruch, CEO of Siemens Energy.
Germany's energy infrastructure is crucial for its industrial development and competitiveness. Historically, strong industrial locations in Germany and Europe emerged where energy was readily available and reliable. The current debate focuses on the cost of energy, but reducing it to just price overlooks other factors. A more important question is how to build an energy infrastructure in Germany that allows industry to thrive, even if energy is cheaper in other countries. This is key to a new economic miracle and a location decision for the next decades.
Written by urgent.news from Handelsblatt's report — not a translation of it. Machine-written — may contain errors; check the original before relying on it.
