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Investment Analysis Clubs / Macro Economic Trends and Risks
|Subject: The “second rent”||Date: 3/22/2013 1:02 PM|
|Author: tim443||Number: 418649 of 503002|
It would seem that the world leader in intermittent renewable energy is discovering the “Dark Side” of the idealist’s plan. My own thought is that we need clean renewable energy in the future and some effort to work out the bugs is certainly a great idea, just sort of glad someone else has volunteered to do the debugging. I’m also thinking that perhaps there are a few things missing from the technology that may need some work and also that every renewable source doesn’t necessarily work everywhere.
Solar panels in winter in Canada... er I have this vision of 80 year old men climbing up ladders broom in hand to remove the snow and paying the inevitable price. }};-()
Germany with exception of a few locations is not a very sunny country, nor is it particularly windy except on the northwest coast. I would add that in my experience Germans are not wasteful of electricity, if you have ever tried to find an address in a small farming village after dark pre-GPS you would understand perfectly. I recall leaving dark and dreary Germany once and being shocked at how brightly lit Cairo was.
Any <Hydro and Nuclear for base load power> mouse
Funding Shortfall: Germany Forced to Cancel Climate Programs
As prices for carbon emissions continue to languish, Berlin is planning to cancel some key subsidy programs aimed at increasing reliance on renewable energies. Germany and other European countries seem uninterested in fixing the problem.
That the German government is facing a massive budget shortfall for projects aimed at transforming the country into a model of alternative energy and environmental friendliness is hardly new. The European cap-and-trade system has for months been sliding into inconsequence as prices for CO2 emissions have stubbornly remained below €5 ($6.47) per ton. The revenues Berlin earns on the mandatory emissions certificates have suffered as a result.
The funding shortage currently faced by the Merkel government is massive. ...
For 2013, the shortfall is likely to be between €1.2 billion and €1.4 billion, according to the Finance Ministry.
As part of Germany's abrupt energy-policy about face in the spring of 2011 in the wake of the nuclear accident in Fukishima, Japan, Merkel pledged to completely phase-out nuclear energy by the early part of the next decade. At the same time, Berlin launched dozens of programs to improve energy efficiency, boost the use of renewables and prepare the country's infrastructure for a future of reliance on environmentally friendly energies.
With economies soft in many member states, however, parliament has proven unwilling to further burden European industry.
While the source may be suspicions the facts are mostly well known.
The Darker Side of Renewable Energy
By Gail Tverberg | Thu, 21 March 2013 23:10
Based on the sound of the name renewable, a person might