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I’ll remind you; if you wish to see our future, just gaze across the pond.
It’s not the floods or any other natural disaster.
It’s a self-inflicted disaster, caused by trying to cut CO2 emissions 80% by 2050.
Even Germany is beginning to realize that it can’t continue to support renewable energy.
The accompanying chart shows that the cost of electricity is far higher in Europe than in the United States.
EU vs US costs for electricity and natural gas. From the Economist Magazine
This disparity in the cost of electricity can only get worse if Europe continues with its current low-carbon obsession. The German Association of Energy and Water (BDEW), for example, predicts that electricity prices will increase another 25%. “Thomas Vahlenkamp of McKinsey reckons that the cost of the Energiewende will double over the next decade.1”
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