German Industry Federation Urges Immediate Government Reforms to Alleviate Energy Cost Pressures
The Federation of German Industries has released a comprehensive five-point reform plan warning of a gradual deindustrialization across Europe’s largest economy. Facing structurally high industrial electricity prices and heavy regulatory burdens compared to global competitors, business leaders are pressing Chancellor Olaf Scholz and the federal cabinet to reduce transmission grid fees, permanently lower electricity taxes, and accelerate administrative approval procedures for corporate investments.