Wrong Turn
An Economist Post Mortem on Germany’s Late, Great Green Plan
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  • Andrew Allison

    “. . . the costs for propping it up have been passed along to consumers, both industrial and residential, . . .”Is not quite true. As widely reported, the EU is investigating the fact that “energy-intensive” industries have been spared the burden, thereby further increasing the cost to consumers.

  • Bretzky1

    I think most people knew that Germany’s energy policy was going to result in higher prices. The question was whether the benefit that would be gained from the policy was worth the extra cost. And, no, the benefit wasn’t really the production of less green-house gases, at least not in the short- to medium-term. It was no secret that Germany was going to have to consume more coal and/or natural gas to replace the lost nuclear energy, so CO2 emissions were of necessity going to have to rise. The benefit was really the psychological benefit of not having to worry about having a Chernobyl or Fukushima type accident/event occur in Germany. I leave it to the Germans to decide if it has been/will be a fair trade.

  • TommyTwo

    “The share of renewable energy from sun, wind and biomass is meant to
    rise to 80% of electricity production, and 60% of overall energy use, by
    2050.”

    If this is meant as a pious hope, then knock yourself out. If this is an actual plan you mean to implement, you will knock yourself out.

  • Corlyss

    Europe seems to have a lock on the production of stupid ideas. First they bought into the EU, then they traded the energy cow for a handful of boutique energy beans.

    • TommyTwo

      “Europe seems to have a lock on the production of stupid ideas.”

      If only!

      • Corlyss

        Okay. They’re better at it than we are until recently. I really want to revive the economic models we had back in the post Civil War era.

  • Rick Johnson

    As Ludwig Von Mises warned almost a century ago, whenever governments intervene in the economy, they produce an outcome which is worse than the problem they were trying to solve.

    The rising energy costs will make the Germany economy less productive. Failing companies will demand government assistance, which will have to be paid for through increased taxes, which will make the Germany economy even less productive.

    It’s a vicious circle that the anti- industrial revolution Greens were hoping for.

  • AldivosTarril

    Reality is a little different to the FUD and anti-clean energy propaganda offered by this blog.

    Germany’s Renewables Revolution – “German industry enjoys the lower spot prices that renewables create, so it pays about the same for electricity as it did in 1978, and less than French industry pays today.” http://blog.rmi.org/blog_2013_04_17_germanys_renewables_revolution

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