{"id":256657,"date":"2023-05-09T21:05:18","date_gmt":"2023-05-09T19:05:18","guid":{"rendered":"https:\/\/climatescience.press\/?p=256657"},"modified":"2023-05-09T21:05:28","modified_gmt":"2023-05-09T19:05:28","slug":"germany-opens-the-door-to-high-inflation-with-an-80-green-energy-bill-subsidy-proposal","status":"publish","type":"post","link":"https:\/\/climatescience.press\/?p=256657","title":{"rendered":"Germany Opens the Door to High Inflation, with an 80% Green Energy Bill Subsidy Proposal"},"content":{"rendered":"\n
\"\"<\/figure>\n\n\n\n

<\/p>\n\n\n\n

From Watts Up With That?<\/a><\/p>\n\n\n\n

Essay by Eric Worrall<\/strong><\/p>\n\n\n\n

\"\"<\/figure>\n\n\n\n

The plan is to continue the subsidy, until investment in renewables brings energy prices down.<\/p>\n\n\n\n

\n

Germany considers electricity price cap to support industry<\/strong><\/p>\n\n\n\n

05\/05\/2023May 5, 2023<\/p>\n\n\n\n

Economy Minister Robert Habeck wants to support German industry for years to come with lower electricity prices. His electricity price cap proposal is intended to ensure that energy-intensive companies remain in Germany.<\/p>\n\n\n\n

Germany\u2019s Economy Minister Robert Habeck<\/a> on Friday unveiled plans to cap electricity prices for energy-intensive industries to protect the sector from sharp cost increases.<\/p>\n\n\n\n

According to the plan, the upper limit of \u20ac0.06 (roughly $0.07) per kilowatt hour (KWh) should apply until 2030.<\/p>\n\n\n\n

It should cover at least 80% of the electricity consumption of a clearly defined group of German companies from energy-intensive industries such as chemicals, steel and glass manufacturing.<\/p>\n\n\n\n

\u2026<\/p>\n\n\n\n

Habeck, who represents the Greens in the government, is perhaps counterintuitively recommending that the taxpayer subsidize some of Germany\u2019s biggest polluters. He described the proposal as a necessary long-term \u201cbridge\u201d solution until renewable capacity is expanded and prices fall. Otherwise, the government argues, there\u2019s a risk that the major employers and sometimes systemically important industries relocate from the country. <\/p>\n\n\n\n

\u2026<\/p>\n\n\n\n

The idea was \u201ceconomically unwise\u201d, said Lindner, whose party the FDP has championed Germany\u2019s balanced-budget orthodoxy.<\/p>\n\n\n\n

\u2026Read more: https:\/\/www.dw.com\/en\/germany-considers-electricity-price-cap-to-support-industry\/a-65531798<\/a><\/p>\n\n\n\n

\"\"<\/figure>\n<\/blockquote>\n\n\n\n

I had high hopes for Habeck, the green leader who admitted coal is required to solve Germany\u2019s energy crisis<\/a>. I thought, maybe it is possible a green finally came to his senses.<\/p>\n\n\n\n

I guess I was wrong.<\/p>\n\n\n\n

This latest plan is economic insanity. Renewables will not produce a sustained fall in energy prices. Even if renewables were theoretically capable of delivering a sustained fall in energy prices, Germany is too far North. German solar panels barely work in Summer. In winter at best Germany sees a few hours sunlight per day, and the skies are frequently overcast.<\/p>\n\n\n\n

What about wind power?<\/p>\n\n\n\n

If you think wind power will be enough, think again. Europe experienced a prolonged wind drought in 2021, prompting fears of \u201cglobal stilling\u201d<\/a>, a global warming driven reduction in wind speed. The wind drought which engulfed Europe in 2021 will happen again.<\/p>\n\n\n\n

Lets hope German leaders regain their senses, before they run out of money.<\/p>\n","protected":false},"excerpt":{"rendered":"

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This supposedly stops consumers from benefitting from what he calls cheaper renewable energy. 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