The Impact of the Russia-Ukraine Conflict on the German Energy Industry

Abstract

This passage will mainly focus on the effect that Russia-Ukraine War had on the German energy industry in 2022 and the time after. However, the paper will also focus on the German economy and political and social development during this war. This paper's assumptions on the influence of war that impacted Germany are primarily supported by the German government's statistical data about gas and electricity, the newspaper, the institutional statistics, and the data from other academic papers. The results shown in the documents indicate that the German economy and energy industry has suffered much damage in the past few months. Especially the collapse of one of the biggest energy companies in Germany called Uniper, and the government's enormous subsidy amount given out on the power market for more than 660 billion Euros. Although this war has impacted Germany significantly, also it may change the future German energy market to a more renewable and cleaner one. Moreover, the German political structure may change by the Green Party, which may support by more Germans.