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Germany alone spends ~$1.2 trn (that would be ~4.8trn on a population adjusted basis for the USA) on the Energiewende, and Germany is far away from being 100% r
by JanSt 6y ago
Germany alone spends ~$1.2 trn (that would be ~4.8trn on a population adjusted basis for the USA) on the Energiewende, and Germany is far away from being 100% renewables.
The EU now plans to invest another trillion € till 2030. A lot of money is poured into renewables.
- fulafel 6y agoYep, there is a lot being done today of course and progress has picked up in recent years. But knowing what we know, it's still underfunded.
- corty 6y agoAnd Germany has the most expensive electricity on the planet (for a firstworld nation and adjusted to cost of living). Funding is drying up because renewable subsidies make power unaffordable and thus politically unviable. Germany should be a big warning to everyone claiming renewables would be cheap or cheaper, the market here is gravely distorted by subsidies and yet, people point to Germany as an example...
- cma 6y agoThat's $1400 per capita per year since it passed in 2010, lower than many utility bills, so it would be surprising if it was able to have already transitioned the entire nation's electricity that quickly.