Yesterday the Wall Street Journal reported (“Germany’s Expensive Gamble on Renewable Energy”) on the high cost of the climate-related energy fanaticism of Germany’s green shirts (why not?), which is now starting to take a tangible toll on the country’s economic competitiveness:
Average electricity prices for companies have jumped 60% over the past five years because of costs passed along as part of government subsidies of renewable energy producers. Prices are now more than double those in the U.S. . .
One government estimate projects the Energiewende by 2040 to cost up to €1 trillion, or about $1.4 trillion, or almost half Germany’s GDP and nearly as much as the country spent on the reunification of East and West Germany. . .
Yet nearly 75% of Germany’s small- and medium-size industrial businesses say rising energy...