No, not that shocking IPCC global warming report (yawn). Alarming is just how much of a fiasco Germany’s Energiewende (energy turnaround) is turning out to be.
Michael Limburg, vice-president of the European Institute for Climate and Energy, told CNN that the government’s energy targets are “completely unfeasible.”
“Of course, it’s possible to erect tens of thousands of windmills but only at an extreme cost and waste of natural space,” he said. “And still it would not be able to deliver electricity when it is needed.”
Limburg told CNN the rapid transition to renewables is economically “insane,” arguing that wind farms will cost at least 13 times more than traditional coal plants.
He added: “Offshore wind is somewhat better in performance, cost and usability but still you have to spend six times as much as what you have to spend for a conventional power plant.”
Germans are already facing some of the highest energy bills in Europe.
According to the Institute for Energy Research, this year German electricity rates will increase by over 10% due to a surcharge for using more renewable energy and a further 30 to 50% price increase is expected in the next ten years.
Blackouts are another problem facing Germany’s energy industry…
The Intergovernmental Panel on Climate Change (IPCC) said in a report that a hiatus in warming this century, when temperatures have risen more slowly despite growing emissions, was a natural variation that would not last.