WhatFinger

Cautionary tale to the rest of the world: this is what happens when you let starry-eyed greens take the reins

Germany's Energiewende Lesson


Germany's energiewende is a raft of different energy policies that can be boiled down to the following plan: phase out nuclear energy while boosting wind and solar by guaranteeing producers long-term, above-market rates called feed-in tariffs. It was a plan that from the outset reflected all the unexamined beliefs centrel to the modern green movement, and it's been plagued by problems at every step. (1) This plan resulted in aggressive and reckless expansion of wind and solar power, causing German consumers to shoulder the cost of those feed-in tariffs in the form of sky high electricity bills. Those power bills have encouraged some of Germany's heavy industry to look around for a better environment in which to do business.
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