The world is watching: The German revolt against renewables
By: SGN Staff
Quick Take: Environmentalists tout Germany as an exemplar of intelligent renewables policy. For instance, Germany long had a feed-in tariff for solar PV that paid "solar farmers" a premium price for their electricity. But some Germans are now beginning to revolt. We recently told you of an effort to delay or do away with plans to install smart meters in Germany. We're also hearing an increasing drumbeat of protest against renewables.
Unlike North America, the pushback doesn't come from fringe types convinced that meters cause cancer or that renewables are a Communist plot. Rather, it comes from respected mainstream sources who are concerned about the economics. For instance, the German Federal Ministry of Economics thinks the costs of smart meters outweigh the benefits. And now there is a growing chorus of dissent against the high power prices brought about by Germany's policy of renewables-uber-alles. - By Jesse Berst
Germanyâ€™s top economic adviser has called for a radical rethink of the country's energy policies, especially those relating to renewables. The Telegraph quotes the chairman of Germanyâ€™s Council of Economic Experts, Christoph Schmidt, as calling for a drastic policy shift. He says the government hasn't "paid any attention to costs. These are now huge."
Those policies currently call for Germany to produce 50% of all electricity from renewables by 2030 and 80% by 2050. The problem: The cost is now estimated at $1.35 trillion over the next 25 years