I would argue that the current energy crisis was also partly caused by the ESG drive which while laudable in aspiration got ahead of physical practical implementation capacity.
I would argue that the current energy crisis was also partly caused by the ESG drive which while laudable in aspiration got ahead of physical practical implementation capacity.
I know it is tempting to pin this one on the environmentalists, but this is on the establishment. Starting with Schröder who realized he could find an easy way to keep German industry competitive and line his pockets and live a comfortable life forever.
This is similar to the Sri Lankan situation. It does not matter how you label it. The lack of fertilizer was clearly not voluntary.
I wonder how many people died in Fukushima vs how many Ukrainians were killed by Russian soldiers this year.
Electricity and natural gas aren't interchangeable commodities, particularly given Germany's infrastructure.
Also Europe produces a lot of electricity with natural gas fuelled turbines.
Wind and solar cannot guarantee production. This means you need storage. The problem with storage is you need to determine how much you want. If you decide on 1 month of storage what happens when you have limited wind and sun for a month and you are running out of stored power?
Nuclear doesn't have that problem. This is why nuclear is a must in the future.
New nuclear is expensive. Existing nuclear is not.