A few months ago we commented that there will be no energy transition without competitiveness, and given the proposal of Germany to carry out another huge green plan, the European Union faces the opportunity to correct the mistakes made in the past with the wrong subsidies and policies.
According to a study by Thomas Unnerstall, Germany's two big mistakes in its green plan have been stubbornness and excess.
In 2018, in Germany, coal continues to lead the energy mix, and fossil energies almost 50%, while renewables add up to 34, 9%. The most worrying thing is that electricity prices for households have increased by 60% since 2006, and the consumer has not benefited from the drop in wholesale energy prices.
If Europe makes the mistakes of the past, there will be no energy transition but there will be more unemployment and recession.
The slowdown of the eurozone is not a coincidence and is not detached from the mistakes in energy policy.
If this plan is channeled towards improved competition and not unnecessary increases in taxes and management, Europe can substantially improve its energy mix by taking advantage of what we have learned from past mistakes and experiences.
A true energy transition plan would have a much greater multiplier effect if no obvious disincentives are generated, because the European Union cannot be approximately 10% of the world's emissions but 100% of the cost, with a CO2 pricing mechanism that works as a subsidy to keep obsolescence, leading to an unplanned resurgence in the use of hard coal and lignite.
https://www.zerohedge.com/political/will-merkels-green-plan-work
According to a study by Thomas Unnerstall, Germany's two big mistakes in its green plan have been stubbornness and excess.
In 2018, in Germany, coal continues to lead the energy mix, and fossil energies almost 50%, while renewables add up to 34, 9%. The most worrying thing is that electricity prices for households have increased by 60% since 2006, and the consumer has not benefited from the drop in wholesale energy prices.
If Europe makes the mistakes of the past, there will be no energy transition but there will be more unemployment and recession.
The slowdown of the eurozone is not a coincidence and is not detached from the mistakes in energy policy.
If this plan is channeled towards improved competition and not unnecessary increases in taxes and management, Europe can substantially improve its energy mix by taking advantage of what we have learned from past mistakes and experiences.
A true energy transition plan would have a much greater multiplier effect if no obvious disincentives are generated, because the European Union cannot be approximately 10% of the world's emissions but 100% of the cost, with a CO2 pricing mechanism that works as a subsidy to keep obsolescence, leading to an unplanned resurgence in the use of hard coal and lignite.
https://www.zerohedge.com/political/will-merkels-green-plan-work
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