If a nation drives up energy costs, it deindustrialises

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The evidence from around the world shows that when you raise energy costs, your economy deindustrialises.

Consider the following examples.

Germany:

Germany once had about 22 GW of nuclear power, producing over 160 TWh annually at a reasonable cost and with no emissions.

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About the author
Leith van Onselen is Chief Economist at the MB Fund and MB Super. He is also a co-founder of MacroBusiness. Leith has previously worked at the Australian Treasury, Victorian Treasury and Goldman Sachs.