A Current Examination of the German Energy Industry, Fossil Fuel Use, and Climate Change

Oil, Gas, & Energy Quarterly, 2021, 69(4), 599-618

34 Pages Posted: 25 Aug 2021

See all articles by Stefan Linnhoff

Stefan Linnhoff

Murray State University - College of Business

Todd Broker

Murray State University - College of Business

David Durr

Murray State University - College of Business

Murphy Smith

Texas A&M University-Corpus Christi-Department of Accounting

Date Written: 2021

Abstract

Energy firms provide key sources of energy needed to power the world economy. This paper offers a current overview of major energy firms in Germany, including location, geographic operations, and financial performance. German energy firms increasingly use renewable energy sources, thereby reducing use of fossil fuels, which are considered contributors to climate change. The topic of climate change is a highly contentious political debate. The political debate centers on how much of climate change is human-caused and what will be the future consequences. Extensive research indicates that climate change will not have significant negative consequences and could even have beneficial consequences. Nevertheless, radical environmental activists, aka climate-change-catastrophe-proponents (CCCPs), oppose any fossil fuel use. One thing not debatable is that reducing use of fossil fuels has increased the cost of energy and has thereby negatively affected economic progress. That the speculative benefit of reducing use of fossil fuel is more than the cost to society is unlikely. Political leaders, policy makers, and government regulators, in Germany and other countries, should consider both sides of the climate debate when formulating future energy policy.

Keywords: Climate change, energy firms, world economy, financial performance, energy supply

JEL Classification: Q38, Q42, Q48, Q54, Q58

Suggested Citation

Linnhoff, Stefan and Broker, Todd and Durr, David and Smith, Murphy, A Current Examination of the German Energy Industry, Fossil Fuel Use, and Climate Change (2021). Oil, Gas, & Energy Quarterly, 2021, 69(4), 599-618, Available at SSRN: https://ssrn.com/abstract=3892489 or http://dx.doi.org/10.2139/ssrn.3892489

Stefan Linnhoff

Murray State University - College of Business ( email )

351 Business Building
Murray, KY 42071-3314
United States

Todd Broker

Murray State University - College of Business

351 Business Building
Murray, KY 42071-3314
United States

David Durr

Murray State University - College of Business ( email )

351 Business Building
Murray, KY 42071-3314
United States

Murphy Smith (Contact Author)

Texas A&M University-Corpus Christi-Department of Accounting ( email )

6300 Ocean Dr
Corpus Christi, TX 78412
United States

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