As The Energy Turnaround Turns

Now that the German Energiewende (energy turnaround) is here, tens of thousands of new green jobs have been created. Well, not quite yet actually. But it won’t be long now.


 
After all, once Berlin decided to permanently switch off the country’s eight oldest nuclear reactors and close the remaining ones still online by 2022, everyone here was absolutely ecstatic (at least those who didn’t work in the energy sector were). Sometimes you just have to give the people what they want, you know? And now they’ve got it. What they wanted, I mean

The same day the Energiewende was announced saw the first case in Germany of a solar panel manufacturer (Solon) announcing it was going into liquidation, threatening the loss of some 500 jobs. Then you had EON, Germany’s biggest power supplier, deciding to cut up to 11,000 jobs worldwide while its rival RWE shed 8,000. Then you had Solar Millennium. Then you had, oh I forget which one (there have been so many recently), solar something or something.

Hey, what’s a little job loss when it comes to the common green good (rhymes with Robin Hood)? These jobs are coming, people, sooner or later or maybe not even at all because, well, not even green jobs grow on trees.

Optimistic predictions that Germany’s decision to turn its back on nuclear energy will lead to the creation of hundreds of thousands of jobs in the renewable energy sector have met with scepticism.

And The Downbeat Goes On

Yeah, Angie Merkel has a New Year’s hangover, too.

The German chancellor warns us, I mean you, that the year ahead will “undoubtedly” be harder than 2011.

Yeah, prost Neujahr to you, too, lady.

Some 22 percent of the (German poll) respondents expect the region to abandon the euro and return to national currencies while 90 percent said in response to a separate question that other euro member states would join Greece, Portugal and Ireland in needing aid.

Too Much Sun, Son

Now if we could only learn to harness the power of falling solar energy company stocks…

Solar Millennium AG plunged by a record in Frankfurt trading after becoming the second publicly traded German solar company to file for insolvency.

Let’s face it, people: The sun and Germany just don’t mix.

Solar Millennium war ein grüner Börsenstar. Beim Solarkraftwerk-Hersteller klang immer alles nach Weltrettung, ständig ging es um die Zukunft der Menschheit. Seit Donnerstag ist das Unternehmen pleite und es wird klar: Viele hundert Millionen Euro sind weg. Es droht einer der größten Anlageskandale der Geschichte. 

This Just In: Britain Distrusts Germany

Wow, talk about a news item.

This must be the scoop of the century. Are Woodward and Bernstein back? Did the CIA finally do something right? Where on earth do Spiegel journalists uncover such unexpected and volatile information?

Always remember, folks: If it’s not in the Spiegel, it didn’t happen.

“Welcome to the Fourth Reich”

Phase Out vs. Cash In

“Fukushima changed my attitude towards nuclear energy,” she said.

Now, though, it would appear that German industry is relying on government assistance to pursue the construction of nuclear power plants abroad.

Four applications for government export guarantees on nuclear power plant projects are currently under consideration. Known as Hermes guarantees, the program protects German companies from non-payment on overseas deals. The four projects are located in Finland, Great Britain, China and India.

“The nuclear phaseout must also apply to export guarantees.”

Malfunction Is Better Than No Function At All

When Berlin’s entire S-Bahn commuter train system isn’t down and out due to power outages, ice and snow (yet to come this year) or just plain good old fashioned traditional mismanagement, Berliners are asked to show understanding for S-Bahn train drivers who call in sick en masse, about 10 percent of the workforce at the moment.

They don’t do substitute train drivers, I guess, and that 10 percent is enough to cause massive delays on a number of lines here and tens of thousands of commuters to come in late to work, should those folks not have had enough sense to call in sick too, I mean. It’s been about three days now. S-Bahn drivers are sick here, alright. Sick of working. Merry Christmas to you too, pal(s).

“Unsere Personaldecke ist eben nicht hundertprozentig gedeckt, da machen sich krankheitsbedingte Ausfälle sofort bemerkbar.”

PS: Or maybe these guys have just been hitting the Little Red Riding Hood too heavy this week.

A Fistful Of Euros…

Won’t buy you what it used to.

Remember when the (place your favorite currency here) used to be worth something? I guess it’s the euro’s turn now. Hey, what goes up must come down, right? There must be something going on in the euro zone these days or something.

Die Gemeinschaftswährung sank am Mittwoch erstmals sei Mitte Januar unter die Marke von 1,30 Dollar. Am späten Nachmittag wurde der Euro  bei 1,2988 Dollar gehandelt.

American Conspiracy 101

Or should I call it AAA?

Ratings agency Standard & Poor's heaped on the pressure on Monday and Tuesday.

http://www.spiegel.de/international/europe/0,1518,801973,00.html

Being that Standard & Poor´s threatened downgrade of 15 out of 17 euro-zone countries (including Germany ITSELF) is “completely exaggerated,” “out of the clear blue sky” and an irresponsible threat that simply “can´t be a coincidence,” it must be another one of those sinister American conspiracies again (yawn).

http://www.focus.de/finanzen/news/staatsverschuldung/sundp-ankuendigung-dient-die-herabstufung-europas-den-amerikanern_aid_691438.html

Personally, I also believe that the Americans were the ones behind the US of A´s recent downgrade, too. But maybe that´s just me.

“Manchmal fällt es schwer, den Eindruck zu widerlegen, dass einige amerikanische Ratingagenturen und Fondsmanager gegen die Eurozone arbeiten.”

Merkozy Or Sarmerkel?

I´ll go with Merkozy. I mean just because he´s wearing the pants doesn´t mean that he´s wearing the pants, if you know what I´m saying (she always wears pants too).

http://globalspin.blogs.time.com/2011/12/05/is-sarkozy-and-merkels-new-debt-prorposal-the-beginning-of-the-end-to-the-euro-crisis/?xid=gonewsedit

“Read my lips,” she said: “No euro bonds. And stop fidgeting when I speak to you.” http://www.zeit.de/wirtschaft/2011-12/schuldenkrise-merkel-sarkozy

“Germany and France are not going to pay the debts of other nations without being able to control the debt issues of other nations,” Sarkozy said–backtracking on France’s earlier position on both euro bond and greater ECB intervention in the crisis—as Merkel looked attentively on. “And we restate our previous position of confidence in an independent ECB, without any comment on (its actions) either positively, or negatively.”

8000 Jobs For A Better World

For a better dream world, I should say.

You know, for a better dream world without nuclear energy? Germany utility RWE plans to cut costs – and 8000 jobs – as it trys to come to grips with Germany’s decision to phase out nuclear power by 2022 – and then continue to import it´s nuclear power from France and others instead.

These 8000 jobs will just be the start of it, of course.  But aller Anfang ist schwer, as the Germans say: The first step is the hardest. It will get a lot easier firing folks once “the movement” gains movement, I mean progresses.