German Government Faces Crisis Over Energy Policy

1 min read
Source: OilPrice.com
German Government Faces Crisis Over Energy Policy
Photo: OilPrice.com
TL;DR Summary

Germans are criticizing the government's plan to ban oil and gas boilers and replace them with heat pumps, arguing it is happening too fast and will cost a lot of money. The cost of the ban is estimated at over 9 billion euros annually until 2028. The government is offering financial help to households, but Germans appear to not be particularly enticed by that offer. The Green Party's insistence on passing the ban as law before the summer break is also facing opposition. The ban has triggered a jump in demand for gas boilers.

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