Title : The Energy And Market Page, T+275 -- October 23, 2017
link : The Energy And Market Page, T+275 -- October 23, 2017
The Energy And Market Page, T+275 -- October 23, 2017
Futures: green.WTI: $52.13
Merckel: world's #1 eco-vandal
The [London] Guardan, September 19, 2017
... perhaps the most embarrassing is Germany’s shocking failure, despite investing hundreds of billions of euros, to decarbonise its electricity system. While greenhouse gas emissions in other European nations have fallen sharply, in Germany they have plateaued.
The reason is, once more, Merkel’s surrender to industrial lobbyists. Her office has repeatedly blocked the environment ministry’s efforts to set a deadline for an end to coal power. Coal, especially lignite, which vies with Canadian tar sands for the title of the world’s dirtiest fuel, still supplies 40% of Germany’s electricity. Because Merkel refuses to restrict its use, the peculiar impact of Germany’s Energiewende programme has been to cut the price of electricity, stimulating a switch from natural gas to lignite, which is cheaper. (In Germany they call this the Energiewende paradox). But Merkel doesn’t seem to care. She has announced that “coal will remain a pillar of German energy supply for a prolonged time span”.National Review, September 24, 2017
Merkel’s energy policy was based upon a combination of nuclear power and “renewables” in order to close down power stations dependent on fossil fuels, and help Germany lead the European Union and the world toward a carbon-free future.
She had been a strong defender of nuclear energy against SPD chancellor Gerhard Schröder’s attempts to phase it out. Within a few weeks of the Japanese nuclear disaster at Fukushima, though, she panicked, reversed herself, and closed down Germany’s entire nuclear program.
Her Energiewende since then has led to a massive increase in power bills for consumers and industry, the movement abroad of German companies heavily reliant on energy, and, more recently, a phasing out of the phasing out of coal-fired power stations. Merkel and the nuclear companies are still haggling over how much the German government will pay for the estimated €23 billion cost of shutting down their plants. Meanwhile, no one believes that Germany and Europe will meet their official goal of reducing carbon emissions 80-95 percent from their 1990 levels by the year 2050.InvesterVillage, October 22, 2017: most countries ignoring Paris accord
According to the analyst, popular opinion against German Chancellor Angela Merkel’s “Energiewende” (energy transition) policies, which had doubled electricity prices, played no small part in Merkel’s terrible showing in last month’s national elections.
Costs of the ill-fated Energiewende now total some €650 billion, a bill that weighs heavily on the shoulders of German taxpayers.
Late last year, to their national embarrassment, the Germans had to be bailed out of a small energy crisis by Poland when the wind failed to blow for several days and a thick fog surrounded many parts of Germany, driving the output from renewables to just 4 percent of total demand. It was coal-fueled Poland that had to rescue Germany from its self-induced energy crisis.
“Merkel may now be unable to form a government without the support of the libertarian Free Democratic Party, which demands an end to renewables subsidies,” Solomon notes.
Thus Article The Energy And Market Page, T+275 -- October 23, 2017
That's an article The Energy And Market Page, T+275 -- October 23, 2017 This time, hopefully can give benefits to all of you. well, see you in posting other articles.
You are now reading the article The Energy And Market Page, T+275 -- October 23, 2017 with the link address https://mylivemyidea.blogspot.com/2017/10/the-energy-and-market-page-t275-october.html
0 Response to "The Energy And Market Page, T+275 -- October 23, 2017"
Post a Comment