Germany’s government energy policies will keep heating up inflation…the country’s promise of cheap, clean energies was a phony bill of goods.
Inflation will remain high
The worst of inflation is behind us, and it all Russia’s fault to begin with, Germany’s socialist/green government likes to claim. But nothing could be further from the truth.
Don’t expect Germany’s inflation to return back to 2020 levels. The CO2 tax increase and highway truck toll fees will soon be enacted. Image: Destatis here.
The message they want to tell us is that inflation will soon ease back down to more normal levels, and everything will go back to being rosy again. But as is the case with all denialist socialist regimes, don’t count on it. The recent inflation has little to do with Russia’s conflict with Ukraine, and almost all to do with its radical policy of eradicating fossil fuel and nuclear power.
And that policy will continue well into the future, unless there’s a regime change in Germany.
CO2 tax to double in 2024.
The first reason Germans should not expect inflation to ease is the coming CO2 tax increase, slated for the start of 2024.
The CO2 price will increase every year. According to finanztip.de, “The price is to rise again on January 1, 2024. According to a draft bill from the German government, an increase to 40 euros per ton of emitted CO2 is planned for 2024. In 2025, the CO2 price is to be 50 euros per ton.”
It could reach 65 euros a ton by 2027.
This will make energy far more expensive for all Germans, and in every aspect of life. It also will also continue to drive energy-intensive industry out of the country.
Exploding highway toll fees for trucks
Not only will the CO2 tax increase make transportation more expensive, but so will the highway toll fees for heavy trucks, which will rise 83% at the start of 2024.
According to Blackout News, (citing Welt): “The fee for heavy trucks will rise sharply at the turn of the year, by 83 percent. This endangers smaller transport companies. There is also unrest in the trade sector about the massive increase in the truck toll. Both sectors know who will ultimately have to bear the additional costs, namely the consumer.”
Retailers are protesting loudly. According to trade experts, “Companies could pay up to an additional 40,000 euros per truck as a result of the toll.”
Germany’s exploding prices have little to do with economic cycles. The inflationary spiral is being driven by short-sighted, misguided government energy policies based on junk climate science.