Loading ...Germany Passes Controversial ‘Green’ Heating Law Estimated To Cost Economy €1 Trillion
A law would require newly installed heating systems to be powered by at least 65 percent renewable energy…
Many Germans — already struggling with inflation and a slowing economy — balked at the mandate to install new expensive heating systems, with the law being rejected by the majority of the populace, according to polling.
The law mandates that Germans with older heating systems replace them within a certain time period, although the final bill passed watered down some requirements and carved out some exceptions. Nevertheless, the final cost of the bill is still expected to be enormous, with high estimates placing it at €1 trillion and lower estimates hovering at €600 billion.
The economic engine of Europe is being dismantled step-by-step