BASF boss Martin Brudermüller has spoken out in favor of nationalizing the electricity grid. Rising network fees and the fact that the federal government is now auctioning off land for wind farms for billions of dollars are causing electricity costs to continue to rise.
At 20 cents per kilowatt hour, German industry no longer needs to commit to decarbonization, he says. He doesn't see the danger of deindustrialization as "that radical," but the share of industry will "certainly decline"