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Friday, February 24, 2012

Another Green Failure

Germany, along with other EU nations, has been at the forefront of adopting "clean, renewable" energy such as wind generators and solar power. Then, following the Fukashima disaster, Germany took the momentous step of immediately shutting down seven nuclear power plants. The obvious result--steeply increasing energy prices which is driving some industries, such as steel mills, out of business.
Energy prices are rising and the risk of power outages is growing. But the urgently needed expansion of the grid, as well as the development of replacement power plants and renewable energy sources is progressing very slowly. A growing number of economic experts, business executives and union leaders are putting the blame squarely on the shoulders of Merkel's coalition, which pairs her conservatives with the business-friendly Free Democrats (FDP). The government, they say, has expedited de-industrialization.

The energy supply is now "the top risk for Germany as a location for business," says Hans Heinrich Driftmann, president of the Association of German Chambers of Industry and Commerce (DIHK). "One has to be concerned in Germany about the cost of electricity," warns European Energy Commissioner Günther Oettinger. And Bernd Kalwa, a member of the general works council at ThyssenKrupp, says heatedly: "Some 5,000 jobs are in jeopardy within our company alone, because an irresponsible energy policy is being pursued in Düsseldorf and Berlin."
This is where the progressive have brought the West--to economic suicide.

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