Germany's Stalled Energy Transition

Having wasted billions of euros on renewable energies, saddling consumers with ultrahigh power prices, and shutting down nuclear power plants, Germany has decided to shut down its coal power plants by the year 2038 and rely primarily on renewable energy. ¹ Coal plants account for 40% of Germany's electricity, itself a reduction from recent years when coal dominated power production. The decision to quit coal follows an earlier bold energy policy move by the German government, which decided to shut down all of its nuclear power plants by 2022 in the wake of Japan's Fukushima disaster in 2011. ² The Wall Street Journal has called this the world's dumbest energy policy. “Dumb environmental policies are routine across Europe—see Emmanuel Macron's riot-inducing fuel tax in France—but even by that standard Germany's new plan to abandon coal is notable. Having wasted uncountable billions of euros on renewables and inflicted some of Europe's highest energy prices on German households and businesses, now Berlin is promising to kill the one reliable power source Germany has left.”³

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