4 ms·
Ok, that's a great policy story. Germany works hard, though. After all, this is the country that responded to a climate catastrophe by banning their only zero e
by ohthehugemanate 9y ago
Ok, that's a great policy story. Germany works hard, though. After all, this is the country that responded to a climate catastrophe by banning their only zero emissions source of baseload power!
The story behind the negative power price is a great example. This is some delightful spin by the NYT on what is an awful situation here in the country.
The economist[1] has a great little explanation about how the Energiewende fucks Germans into paying more per kWh, earning lower profit per kWh , and producing more CO2 per kWh, all at once. And it takes tax money away from productive uses, to boot! It's not often that a single piece of law can screw EVERYONE. But that's German ingenuity!
[1] https://www.economist.com/blogs/economist-explains/2014/12/economist-explains-10 https://www.economist.com/blogs/economist-explains/2014/12/e...