For a while now Germany has been a leader in “going green” as far as energy is concerned. As of now it’s better than even money that the U.S. will be following in Germany’s footprints, meaning that what is happening in Germany today will be happening in the U.S. within a few years. So, what is actually happening in Germany today?
FromCatholic Vote:
The CEO of RWE, Germany’s largest energy company, warned in an interview that Germans can expect soaring energy costs in what he called “the first signs of deindustrialization.”
“Germany’s wealth is based on strong industry,” said CEO Markus Krebber, adding that the surge in prices will lead companies to relocate outside of Germany unless the government allows for greater investment in renewable energy. “We don’t have as much energy as we need (…) this gap leads to high prices and thus to justified concerns about competitiveness.”
His warning comes after Germany powered down its last three nuclear power plants in April as part of its “green energy” commitment.
Germany leads the way in [European green energy] regulatory efforts, boasting the most aggressive green energy regulations in Europe. The progressive government aims to make Germany entirely free of nuclear energy by the end of this year (2022) and coal-free by 2030. By then, Germans will be getting 80% of their energy from “renewables,” or so the plan promises.
The problem is that the regulations are not working.
In 2021, the share of nuclear and coal energy in the power mix actually increased. Even as coal and nuclear plants are shutting down their operations, they are seeing increases in demand of over 7% due to “low output from renewables, and the development in energy and CO2 prices.”
Just before the plants closed, Krebber reassured Germans that there would be no energy shortage.
From Mark Nelson on Twitter:
Weeks before Germany’s nuclear closed, utility giant
@RWE_AG CEO Markus Krebber rejected calls to save them:
“There is still enough electricity”
The reactors close. Six weeks later Krebber says:
“Germany has a serious problem: We don’t have as much energy available as we need”
How much longer before the U.S. also has a serious problem, not having enough energy available as we need?
My bet … not very long!
8/15/23
californiacontrarian