Habeck wants billions in subsidies for climate-friendly corporations: his advisors warn of expenses

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Economics Minister Robert Habeck wants to subsidize the German economy with billions of euros in the “transformation to climate-friendly production”. However, his advisors warn of the costs of these “climate protection contracts”.

It is not for nothing that Robert Habeck is not only Economics Minister, but also Climate Protection Minister. But even the advisors of the Green politician are critical of the federal government’s planned billion-dollar “climate protection contracts” with companies and warn of the risks – especially for taxpayers, who are already badly battered.

Barrel without ground?  US group Intel wants 10 billion euros in tax money for its Magdeburg location

Barrel without ground? US group Intel wants 10 billion euros in tax money for its Magdeburg location

According to a report by nv from Wednesday, “Climate protection contracts could be helpful when entering a new technology to induce companies to use these technologies on a large scale for the first time”. Translated, this means: The abandonment of coal, nuclear power, oil and natural gas should be forced by all means – whatever the cost.

The companies are to be compensated by the federal government for any “cost disadvantages”. In the case of a “climate protection contract”, the state should guarantee the company a compensation payment that compensates it for the higher costs of climate-neutral production. In addition, the economy should be “secured” against fluctuations in the CO2 price and other risks. A report by Habeck’s consultants states:

“She [die Klimaschutzverträge] However, they represent a deep intervention by the state in the production decisions of companies and are associated with numerous serious problems.”

The report goes on to say that the climate protection agreements “can become very expensive”. They should therefore only be used to a very limited extent to get started with climate-neutral production. Last but not least, the federal government takes some of the risks associated with the switch to “green production” from the companies with which it concludes a contract. The advisors around the chairman Klaus Schmidt therefore emphasize:

“Since nobody knows how the technology will develop and which cost-cutting potentials can be realized in which time periods, the risks are considerable.”

The risk of “overfunding” is not insignificant, and competition is also prevented. In addition: Due to the high state share in the economy, the federal government is increasingly approaching a planned economy that has said goodbye to the idea of ​​a free market economy. This is not good news for the international competition as a former world export champion.

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