Germany’s leading daily in terms of circulation Bild recently featured an op-ed piece that harshly criticizes Germany’s Energiewende (transisition to renewable energies).
Clearly the Energiewende is not even coming close to living up to what is was originally billed to deliver. Despite adding more than 70 gigawatts of wind and solar capacity that will cost consumers some $200 billion, German CO2 emissions have not decreased to speak of. Coal-fired power has actually risen.
In summary German electricity prices have skyrocketed and poor consumers are being hit hard. Energy-intensive industries are off-shoring operations – and jobs!
A number of experts are calling the Energiewende the greatest wealth redistribution from poor to rich scheme in Germany’s history as wealthy property owners cash in with subsidized zero-risk wind and solar installations. The poor consumers are forced to cough up the money.