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Wednesday, February 26, 2014

The Cost Of Junk Science

GERMAN GOVERNMENT ADVISERS CALL FOR ABOLITION OF RENEWABLES SUBSIDIES


BASF, the world’s biggest chemical maker by sales, will make the most of its capital investments outside Europe for the first time, as it responds to the continent’s higher energy costs and growing demand in North America and emerging markets such as China. “In Europe we have the most expensive energy and we are not prepared to exploit the energy resources we have, such as shale gas. We have relatively high wage costs and we have a stagnating market,” said Kurt Bock, BASF chief executive. Mr Bock has been a prominent critic of German and European Union climate and energy policies, arguing these are ineffective, raise costs for industry and cause job losses.—Chris Bryant, Financial Times, 26 February


If anyone thinks Germany’s move to renewable energies has been a success, you may want to take a few minutes and read what center-left news weekly Der Spiegel has just written. Overall Germany’s energy revolution has made the country’s energy unaffordable, unreliable and has ruined its own idyllic landscape, and ravaged rainforests abroad as well. “Rising energy costs are becoming a problem for more and more citizens in Germany. Just from 2008 to 20111 the share of energy-poor households in the Federal Republic jumped from 13.8 to 17 percent.” Much of the rapid increase in energy prices is owing to Germany’s growth in expensive wind and solar energy. Ironically, despite more than 20% of Germany’s energy now being supplied by renewables, CO2 emissions have been rising just the same.—Pierre Gosselin, No Tricks Zone, 24 February 2014