Hmmm...very WSJ like. "Drill, baby drill" dressed up as analysis. Interestingly France was spared as they derive 70% or more electricity from nuclear, yet still have economic challenges. As does the US, btw.Germany's green energy is doing just fine: Source: DW https://share.google/t7e65w0AyO7bCvuhT
What is missing is the necessary infrastructure. But that is missing everywhere incl. the US, except perhaps China.
Saline9515•2mo ago
Why does Germany, after having spent 1 trillion in "green" infrastructure, and generating more than half its electricity using renewables, still has the highest power costs in the rich world and needs to import massively electricity from France, then?
Why are people putting their head in the sand in front of those basic facts while saying "this is fine"?
And regarding France, subsidies for the renewable sector are a big part of the electricity cost.
cjbenedikt•2mo ago
Correct, subsidies for renewables. However, globally there always were and are significant subsidies for fossil fuel:
How much in subsidies do fossil fuels receive? - Our World in Data https://share.google/PjTmGHrh2Dw8f53PJ
Seems not worth mentioning?
Talk about "head in the sand".
Saline9515•2mo ago
This data is highly questionable as they consider negative externalities as "subsidies". Or things like road accidents (which happen with electric vehicles too). Another classic borderline lie by the "green" industry.
mpweiher•2mo ago