Last week, we explored how the global energy market is evolving in response to geopolitical tensions, particularly the Russia-Ukraine conflict, and how Bitcoin mining companies are adapting to these changes. This week, we dive deeper into the broader industrial impacts, focusing on Germany, a country that led Europe in emission reductions in 2023, but not for the reasons you might think.
1. Germany’s Emission Drop in 2023: A Symptom of De-industrialization
20% emission reduction in 2023 – the lowest since the 1950s.
Why? Not just green policies, but a decline in industrial activity, driven by high energy costs after the loss of cheap Russian gas.
Industries hit hardest: The chemical sector, Germany’s third-largest, saw a 23% drop in production in just two years.
💡 Link to last week's post: As energy markets shift, the industrial impacts are becoming more pronounced, particularly in countries like Germany, which are highly dependent on stable energy supply.
