Will Germany’s energy policy lead to economic failure? | Hans-Werner Sinn

Despite ambitious green goals, the country’s over-reliance on Russian gas has forced it back to coal and expensive imports. Say what you will about Vladimir Putin, but his war on Ukraine did open European eyes to some long-underrated truths. One is that even after more than 70 years of relative peace on the continent, neglecting military security poses grave dangers. Another is that the “green dream” of modern economies powered exclusively by renewable energies remains out of reach – and reliable access to cheap energy supplies remains essential.