Tuesday, 4 December 2012

Global Warming Targets and Capital Costs of Germany's 'Energiewende'

A good read: Global Warming Targets and Capital Costs of Germany's 'Energiewende': http://theenergycollective.com/willem-post/151031/global-warming-targets-and-capital-costs-germany-s-energiewende "The above data indicates Germany restructuring a major part of its economy towards renewables, a.k.a. ENERGIEWENDE, would make no global warming and/or climate change difference, but would adversely affect Germany's future economic well-being, because it would end up with an energy systems that would have about 2 to 3 times the levelized (owning+O&M) cost of competitor nations that did not follow Germany.
Germany is implementing renewables through subsidies more so than other nations, because it has the excess capital to do so, and because it claims to want to set an example to the world. A bit of chest beating; gorillas do it in the jungle. Other nations, especially the developing nations and least developed nations, do not have the resources, and/or the willingness, to follow Germany."

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