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 have been established where energy was readily available and reliable. While price is an important factor in energy supply, focusing solely on it may put Germany at a disadvantage compared to other regions with more favorable conditions.
The key question is how to build an energy infrastructure in Germany that will enable industry success, even if energy is cheaper in other countries. This is seen as essential for 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.
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