Allianz Trade: Germany’s »Easter package« could bring 400,000 jobs
Post date: 09/05/2022 - 17:41
According to a study by insurance company Allianz Trade, the German government's »Easter Package« could »become a real job engine.« The planned laws and other measures to transform the energy industry are expected to nearly triple the expansion of renewable energies. If this succeeds, according to the analysis, »Germany will not only take on a pioneering role within Europe, but is likely to benefit from additional growth and jobs.« However, this would also require overcoming problems such as bureaucratic barriers, price increases, supply chain disruptions and labor shortages.
The considerable expenditures for the expansion of solar and wind energy would be offset by an additional economic value added estimated at 1.4 times the amount of the investments and 2.7 times the amount of the necessary fiscal support. This could create an additional 409,000 full-time jobs by 2032.