FROM BEHIND THE WSJ PAYWALL
OPINION REVIEW & OUTLOOK
Germany’s Green Energy MeltdownVoters promised a virtuous revolution get coal and high prices instead.
By The Editorial Board Updated Nov. 17, 2017 6:55 p.m. ET
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American climate-change activists point to Europe, and especially Germany, as the paragon of green energy virtue. But they ought to look closer at Angela Merkel’s political struggles as she tries to form a new government in Berlin amid the economic fallout from the Chancellor’s failing energy revolution.
Berlin last month conceded it will miss its 2020 carbon emissions-reduction goal, having cut emissions by just under 30% compared with 1990 instead of the 40% that Mrs. Merkel promised. The goal of 55% by 2030 is almost surely out of reach.
Mrs. Merkel’s failure comes despite astronomical costs. By one estimate, businesses and households paid an extra €125 billion in increased electricity bills between 2000 and 2015 to subsidize renewables, on top of billions more in other handouts. Germans join Danes in paying the highest household electricity rates in Europe, and German companies pay near the top among industrial users. This is a big reason Mrs. Merkel underperformed in September’s election.
Berlin has heavily subsidized renewable energy since 2000, primarily via feed-in tariffs requiring utilities to buy electricity from renewable generators at above-market rates. Mrs. Merkel put that effort into overdrive in 2010 when she introduced the Energiewende, or energy revolution.
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This interested me because it’s probably going on here and just not being reported.
The R’s and the D’s like to subsidize “stuff” because a small percentage comes back as kickbacks disguised as “campaign contributions”. Give an industry giant a billion dollar subsidy and get a few million in return. All paid for by the taxpayers.
Government should be like a referee, Caesar’s wife, or a mendicant monk.
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