The lights are going out all over Germany (Picture: www.populist press.com
Germany was so desperate to be Europe's first big economy to achieve 'net zero' CO2 emissions that for years the country's government closed its fossil fuel-fired and nuclear power plants in favor of pursuing a “green energy” policy, replacing those plants with wind and solar power — as well as impoorting huge volumes of natural gas and oil from Russia.
After the Russian invasion of Ukraine in February 2022, when NATO (aka the U.S.A.) mandated that the West impose retaliatory sanctions on Russia, including a ban on importation of Russian gas and oil, Germany found itself in a hole: Without Moscow’s energy, the ‘green infrastructure’ that existed in the country was exposed as a total failure, unable to power the country’s manufacturing industry, homes and businesses.
So now, with gas being rationed and electricity blackouts “Germany is bleeding cash in an effort to to keep the lights on and the wheels turning,” according to a Reuters report, having already flushed “almost half a trillion dollars, and counting, down the toilet since the Ukraine war jolted it into an energy crisis nine months ago.”
The report revealed:
That’s the cumulative scale of the bailouts and schemes the Berlin government has launched to prop up the country’s energy system since prices rocketed and it lost access to gas from main supplier Russia, according to Reuters calculations.
And it may not be enough.
“How severe this crisis will be and how long it will last greatly depends on how the energy crisis will develop,” Michael Groemling of the German Economic Institute (IW) said, adding: “The national economy as a whole is facing a huge loss of wealth.”
Reuters reported
that so far, Germany has set aside around $465 billion, or €440 billion, according to available figures, which is likely just the first
installment of funds to keep the country from running out of power and
to help secure additional forms of energy, especially now that winter is
here. Most of the money has been spent on American Liquid Natural Gas, shipped in by a fleet of tankers at a cost ten times higher than German energy distributors were paying for Russia's gas delivered through the noe defunct Nordstream pipeline.
The preeminent economic power in all of Europe, the German people — thanks to their leaders — are now going to be at the mercy of the weather in what is predicted to be the coldest winter in decades.
Many have blamed Germany’s current situation almost solely on the loss of fossil fuel energy from Russia, but that is disingenuous at best and an outright lie at worst.
According to a report from Forbes:
The International Energy Agency is at it again. In May 2021, it issued an astonishing report calling for an end to all investments in oil, gas and coal to reach the fantasy goal of net zero by 2050. Now, as the world grapples with an energy crisis with surging prices of fuels, fertilizers and food, the organization issued its new report on Renewables 2022 last Tuesday. The organization’s chief Fatih Birol tweeted “big news”, claiming that “the world is set to add as much renewable power in the next 5 years as it did in the whole of the past 20 years as countries seek to take advantage of renewables’ energy security benefits”. The mainstream press loyally reported the IEA’s claims of a “renewable energy rollout ‘turbocharged’ by global energy crisis.”
The IEA finds that the disruptions to Russia’s supplies of fossil fuel exports have shown “the energy security benefits of domestically generated renewable electricity, leading many countries to strengthen policies supporting renewables”. The report asserts that higher fossil fuel prices worldwide have improved the competitiveness of solar PV and wind generation against other fuels.
But that too is completely bogus: Forbes goes on to note that the over-reliance on green energy coupled with an under-investment in reliable (and cheaper) fossil fuels is what has led to Germany’s power crisis, along with Europe as a whole.
The outlet blamed the IEA’s wrongheaded conclusions on its adoption of green energy ideology over science-based factual data.
“The glowing forecasts for renewable energy presented by the IEA seem free of the laws of physics and written to promote a political agenda. The descent of the once leading organization — devoted to rigorous analysis of energy economics and its policy consequences for its OECD member countries — into shoddy advocacy for the Green agenda is complete,” the Forbes report notes.
“Fixated on spurious models that allegedly link carbon dioxide emissions to apocalyptic forecasts of global warming, the IEA couldn’t care less about the intolerable financial burdens imposed on ordinary people that need affordable food, heating (or cooling), lighting and mobility,” the report continues. “Worse still, it is intent on imposing its climate change predilections on the vast majority of the world’s population that live in developing countries. But people are connecting the dots between the West’s incoherent ideological energy policies and the adverse impacts on their livelihoods.”
If that's true it makes all the times we Boggart Bloggers have been called Conspiracy Theorists, Science Deniers, Genocide Advocates, Far Right idiots, Nazis, etc. etc. seem worthwhile as we have always stuck to our position that scienifically, commercially and financially, green energy policy and the transition from fossil fuels to wind and solar power was wrong headed, ideological, fact free and doomed to failure. If you look back over the posts of this blog and its sister publications you will see that "WE TOLD YOU SO."
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