The Impact of the Russia-Ukraine Conflict on the German Energy Industry
DOI:
https://doi.org/10.54097/hbem.v13i.8826Keywords:
energy industry. statistical data, subsidy, natural gas.Abstract
This passage will mainly focus on the effect that Russia-Ukraine War had on the German energy industry in 2022 and the time after. However, the paper will also focus on the German economy and political and social development during this war. This paper's assumptions on the influence of war that impacted Germany are primarily supported by the German government's statistical data about gas and electricity, the newspaper, the institutional statistics, and the data from other academic papers. The results shown in the documents indicate that the German economy and energy industry has suffered much damage in the past few months. Especially the collapse of one of the biggest energy companies in Germany called Uniper, and the government's enormous subsidy amount given out on the power market for more than 660 billion Euros. Although this war has impacted Germany significantly, also it may change the future German energy market to a more renewable and cleaner one. Moreover, the German political structure may change by the Green Party, which may support by more Germans.
Downloads
References
Iikka Korhonen, Heli Simola. How Important Are Russia's External Economic Links? Asian Economic Papers 21 (2), 1–13(2022).
Berger, Eva M. et al. (2022): A potential sudden stop of energy imports from Russia: Effects on energy security and economic output in Germany and the EU, IMFS Working Paper Series, No. 166, Goethe University Frankfurt, Institute for Monetary and Financial Stability (IMFS), Frankfurt a. M.
Julian Wettengel, Kerstine Appunn, Yannick Haas, Germany’s energy consumption and power mix in charts, webpage: https://www.cleanenergywire.org/factsheets/germanys-energy-consumption-and-p ower-mix-charts. (2022/ 12/20).
The German Federal Government Homepage, https://www.bundesnetzagentur.de/EN/Areas/Energy/ Companies/SecurityOfSupp ly/GasSupply/Downloads/2023/01_Jan/230106.pdf;jsessionid= 5819A4E2D0CF5F6 82068D57F7ADF8F40?__blob=publicationFile&v=2, last accessed 2023/02/03.
Hutter, Christian; Weber, Enzo (2022): Russia-Ukraine war: Short-run production and labor market effects of the energy crisis, IAB-Discussion Paper, No. 10/2022, Institut für Arbeitsmarkt- und Berufsforschung (IAB), Nürnberg, https://doi.org/10.48720/IAB.DP.2210
Kilian, Lutz (2008): A Comparison of the Effects of Exogenous Oil Supply Shocks on Output and Inflation in the G7 Countries. In: Journal of the European Economic Association, Vol. 6, No. 1, p.78–121, URL https://EconPapers.repec.org/RePEc:tpr:jeurec:v:6:y:2008:i:1:p:78-121.
Jan Osička, Filip Černoch. European energy politics after Ukraine: The road ahead. Energy Research & Social Science Volume 91, (2022)
Dreyer, J. (2022). Grassroots to Government: The Extraordinary Evolution of Germany's Green Party. https://doi.org/10.17615/sz0g-9a84
Seifert, Dennis. Decarbonizing economies through carbon pricing - is there an ideal policy mix? - the case of Germany´s energy sector. (2022).
Fabian Scheller, Stefan Wald, Hendrik Kondziella, Philipp Andreas Gunkel, Thomas Bruckner, Dogan Keles. Future role and economic benefits of hydrogen and synthetic energy carriers in Germany: a review of long-term energy scenarios. Sustainable EnergyTechnologies and Assessments Volume 56, (2023).
Cailianpress Homepage, https://www.cls.cn/detail/1174695, last accessed 2023/02/09.
Downloads
Published
Issue
Section
License
This work is licensed under a Creative Commons Attribution-NonCommercial 4.0 International License.
