Green energy is a total failure. It even fails at what it proclaims it is for. Why can't we learn from others' failures rather than duplicate them ourselves?
Germany?s Energiewende: A Path to Economic Self-Destruction - The American Interest
Germany?s Energiewende: A Path to Economic Self-Destruction - The American Interest
More at the source.More bad news for Germanys green dreamers: Two reports published this week highlight some fundamental flaws underlying the Energiewende, Germanys radical set of energy policies.
The first, by the Commission for Research and Innovation (EFI), states that the subsidies by which green power producers in Germany are paid guaranteed, above-market prices to put electricity on the grid arent a cost-effective instrument for climate protection. Nor are they producing a measurable effect on innovation. For both these reasons, there is no justification for a continuation of the EEG [the Renewable Energy Law], the report concludes.
Those are devastating blows against the Energiewendes legislative cornerstone, which has been in force since 2000. The special path on energy cost taxpayers 22 billion last year aloneand that figure doesnt include residual costs to the economy.
German industry, as Reuters writes, seized on the report to support its opposition to incentives for renewable energy:
Export-oriented companies have warned that a sharp rise in the price they pay for power, buoyed by the cost of green incentives, are making them uncompetitive and some have threatened to shift investments and production abroad.
With industry accounting for around a quarter of Germanys economy, its voice matters in Berlin. The BDI has said the governments plans put about 900,000 jobs in Germany at risk.
The second report, by Information Handling Services (IHS), calculates that Germany lost 15 billion in exports last year from having to pay a premium for electricity compared with international competitors, and a total of 52 billion in the six-year period from 200813. As the Financial Times points out, smaller companies were disproportionately affected, because, unlike heavy energy users such as BASF and ThyssenKrupp, small companies are not eligible for exemptions from the energy bill surcharges that cover the costs of the move to clean energy.