When we look at the EU, they are among the countries, the regions, the trading blocs, that are most rapidly trying to embrace electrification, and they're doing so quickly in response to not one but two global conflicts that have fundamentally changed what they think they can rely on when it comes to their energy supply chains.
That rapid shift has all sorts of short-term impacts. They're out looking to meet short-term needs across a wide variety of energy resources, but long term, these conflicts are one of the drivers in the EU pushing for increasing the ambition to develop homegrown energy resources. That's based in renewables. That's looking at battery storage, which, to the previous discussion, Canada's falling behind on because it's seeing widespread deployment globally that unlocks renewables to an even further degree.
I can't speak to the specific subsidization in Germany's electricity sector, but certainly the focus on electrification and removing their exposure to volatile fossil fuel prices is a priority.
