Big Green and the German energy crisis
Germany fully bought into the green energy transition, but its economy is now showing serious signs of weakness as a prolonged energy crisis runs its course.
The country is aiming to have its energy supply and demand reach “net-zero” emissions by 2050, relying on sources like wind, solar and hydrogen fuels after former Prime Minister Angela Merkel decided in 2011 to eventually shutter the country’s nuclear power plant fleet. Despite the German government’s regulatory and spending blitz to usher in the green transition, the country is not on track to meet its climate goals, but its decision to rely on intermittent green energy generation has contributed to an ongoing energy crisis that is crippling its economy.
“Hollowing out the economy is not benefiting the German people, nor is it helping climate change,” Diana Furtchtgott-Roth, Director of the Center for Energy, Climate and Environment at the Heritage Foundation, told the Daily Caller News Foundation. “It is not reducing emissions, because manufacturing is being shifted to other nations, like China and India, that use dirtier energy. The German economy is going down, and their people do not have the jobs and economic opportunities that they used to.”
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The Bid Green agenda is becoming a fool's errand for those who buy into it. Germany needs to get back to producing the energy it needs for a robust economy. "Net Zero" is not worth the downsides to its implementation.
See also:
White House intervened to grant 'quasi-regulatory authority' to foreign green groups
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