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The cost of the renewables rollout in Germany is on the order of 2 trillion euros. They produce so much renewable energy that the prices regularly go negative,
by incrudible 2y ago
The cost of the renewables rollout in Germany is on the order of 2 trillion euros. They produce so much renewable energy that the prices regularly go negative, but then import at much higher prices when they don’t. They pay among the highest prices in Europe, and still their CO2 emissions are among the worst. If wind/solar as a whole were both as cheap as touted and as environmentally friendly, that should not be the case.
- bryanlarsen 2y agoThe whole world owes Germany a massive debt for their overpayment for renewables. Investing in renewables on a massive scale in the 90's is what really kicked off the virtuous cycle that led to the low costs of renewables today. Germany would have been much better off building nuclear in the 90's. But because they invested in renewables instead, everybody (including Germany) has a much better option of building renewables in the 2020s.