“Companies want some protection from the rise they fear they will see in electricity prices when coal-fired power plants and nuclear power plants are taken off the grid in the coming years.”
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Since 2013, Germany has spent $181 billion reducing CO2 emissions. Guess what the per-ton cost of doing this has been.
Assuming for the sake of argument that German wind/solar output really did outpace coal in 2018, there are three key ironies: 1) German emissions are NOT decreasing; 2) Warmer temperatures reduced the need for coal; and 3) the key sentence in this report is: “Pressure on the government to tame the cost of the energy shift is rising.”
Source: Bloomberg Web | German Green Power Likely Beat Coal Output for the First Time – BloombergPDF
The Germans are somewhat more honest that US electric utilities about the prospects for exiting coal. The Germans can’t come up with a plan while US utilities have come up with fake plans that have no chance of being implemented — especially with BURN MORE COAL on the case.
Germany should be a cautionary tale for US electric utilities. Meaningless CO2 cuts. Skyrocketing electricity prices from wind/solar. In a word, disaster.
This is working in Germany. US miners can protect their own jobs, families and communities, too. Help us, help you/them.