Energy crisis to cost Germany $1 trillion – Bloomberg ...News

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Energy crisis to cost Germany $1 trillion – Bloomberg
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Berlin’s spending on tackling skyrocketing energy costs has already topped $270 billion Germany's government will have to allocate more than $1 trillion by 2030 to deal with the risks and challenges that have arisen due to the energy crisis that Europe has been fighting in recent years, Bloomberg reported on Sunday, citing its primary research service. The enormous costs are expected to include investments in modernization of the country's power grids and a planned phase-out of its nuclear and coal plants. Berlin will reportedly face growing demand from electric vehicles and heating systems. Moreover, the German a

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