Germany’s $800 Billion Merkel-Made Climate Policy Disaster

By 2030, the eastern German town of Poedelwitz will likely be razed to get at the rich veins of coal beneath its half-timbered houses. The reason: Chancellor Angela Merkel’s effort to steer Germany toward greener energy, which has unexpectedly meant booming demand for dirty coal. While Merkel aims to wean the country from nuclear power and boost renewable energy, the shift has been slow—Germany’s 140-plus coal-fired plants last year supplied 40 percent of the country’s electricity—and Poedelwitz is flanked by open-pit lignite mines that feed a 2 gigawatt power plant a few miles away. -- More...