EU Approves a €28 Billion German Renewable Energy Scheme
Essay by Eric Worrall
German politicians still haven’t learned – they seem utterly determined to burn down their entire economy trying to make green energy work.
EU approves 28 bln euro German renewable energy scheme
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December 21, 2022 10:41 PM GMT+10BRUSSELS, Dec 21 (Reuters) – The European Commission said on Wednesday it had approved the German government’s 28 billion euro ($29.69 billion) support scheme for renewable energy, which is aimed at rapidly expanding use of wind and solar power.
The policy, which replaces an existing renewables support scheme, runs until 2026 and is designed to deliver Germany’s target to produce 80% of its electricity from renewable sources by 2030.
The European Commission said the scheme was “necessary and appropriate” to promote renewable energy and cut planet-heating emissions, and that its positive environmental impact outweighed possible distortions of competition.
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It might seem odd to non Europeans that Germany had to ask the EU’s permission before spending their own €28 billion, but I’m guessing the expenditure fell afoul of .
Why should we get excited about €28 billion? Germany is allegedly already in public debt financed energy subsidies, to shield businesses from skyrocketing energy prices. So in a sense this additional €28 billion is a drop in Germany’s rising ocean of debt.
But that €28 billion is evidence Germany is still run by incompetents That €28 billion could have been used to build 3-4 large nuclear reactors. Those new reactors would have been enough to provide some breathing space, and likely would have been enough to plug the €1.5 billion per day subsidy haemorrhage. They would have been a big step towards restoring long term grid stability and affordability.
Instead of coming to their senses, German politicians are still making every wrong move they possibly can. They still can’t bring themselves to admit their green energy plan has not worked, and will never work. They are determined beyond reason to double down on failure.
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December 22, 2022 2:10 pm
28 billion. That’s chicken scratch compared to what sleepy Joe and gang have done in the last two years.
Reply to
December 22, 2022 3:10 pm
I make $166 per hour at my work from home job. When my neighbour told me that she had converted to averaging $195, I was a little taken aback. But now I can understand how it functions. Having my own business has greatly increased my independence.
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Reply to
December 22, 2022 4:00 pm
Tosser. Wrong blog. Get fukkkked.
December 22, 2022 2:14 pm
“That €28 billion could have been used to build 3-4 large nuclear reactors.“.
Or coal-fired power stations. Or even more gas-fired power stations.
Reply to
December 22, 2022 2:51 pm
Yup. But when they need it that’s not going to stop them importing electricity from surrounding countries using such methods of generation. Pure hypocrisy.
Reply to
December 22, 2022 3:47 pm
There’s no point building gas powered generators, since there’s no way they can import the gas to power them.
Reply to
December 22, 2022 4:01 pm
Lots of frackable gas across Europe.
December 22, 2022 2:15 pm
Schadenfreude is an apt German description, when ongoing Germany climate silliness is viewed from an afar skeptical stance.
Germany has plainly NOT learned the first rule of holes:
When in one wanting out, first stop digging.
Reply to
December 22, 2022 3:11 pm
The Germans are digging so rapidly, that geothermal energy may become financially viable.
Reply to
December 22, 2022 4:09 pm
When have Germans ever learned a lesson over history?
They are compelled to be ritually and regularly, humiliated at the alter of their own hubris.
The technical and manufacturing superpower of the EU about to be crushed by the very country they have sought dominance over for hundreds of years, again.
Europe is about to be fractured, yet again. Russia lit the fuse, it will now stand back and watch the region rip itself apart again.
December 22, 2022 2:24 pm
but I’m guessing the expenditure fell afoul of .
This is really funny if you give it a moments thought. The rule is there to prevent national industries getting a competitive advantage. The fact that the EU approved it means they recognise subsidising W&S is not going to provide a competitive advantage.
In fact, this subsidy will further hobble German international competitiveness. If EU had German interest at heart they would have refused on the basis that they need a strong Germany to survive in a competitive world.
EU is gradually isolating itself from the rest of the world. Asia and Africa are where the action is. They just have to get their own financial systems in order so they can isolate that from the woke west.
December 22, 2022 2:30 pm
And from what we learned today from Christopher Monckton’s post , those €28 billion will lead to about a twenty-nine 30-millionth of a degree C change.
Regards,
Bob
December 22, 2022 2:32 pm
They’re German. Having a long, long, long history of going ‘against the current’, even well past when doing so is bad for their geopolitical health.
Reply to
December 22, 2022 2:50 pm
THE LIGHTS ARE GOING OUT IN THE BUNKER
December 22, 2022 2:53 pm
The astonishing irony I see from this move is that it was legendary German physicist who was credited with the sage observation that –
“Insanity is doing the same thing over and over and expecting different results.”
December 22, 2022 3:02 pm
The EU is a failed state, and we in the US are racing them to the ash heap.
December 22, 2022 3:56 pm
EU approval was the easy part. The hard part is getting bids at the auctions and permits for those few awards through the bitterly contested courts. Rural Germans hate wind. Step one is they’ll have to bump up the support price about 25%, Urban voters may also fall out of love with wind.
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“The undersubscription of the tender exacerbates the problem of the sluggish expansion of the urgently needed wind turbines further,” Kerstin Andreae, CEO of energy industry association BDEW, on Wednesday (12 October) …
…In practice, wind tenders are notoriously undersubscribed. Despite the ongoing energy crisis, the September tender for 1,320 Megawatts (MW) of capacity yielded
Due to the generous renewable energy state funding in Germany, bids are price capped to counterbalance the state aid. The federal grid agency noted that the average bid was close to the permissible price cap of 5.88 cents per kW/h at 5.84 cents.
December 22, 2022 4:17 pm
Before WWI a South African, Hendrik van der Bijl, studied in Germany where he completed his PhD. He was brilliant and set up the incredible electricity supply in South Africa providing cheap and reliable electricity. What has happened to the brilliant Germans like those he worked under? Van der Bijl would have rejected all the climate alarmism had it been promoted in his day.
