Germany’s once-in-a-century experiment Energiewende will enter its hot and decisive phase next weekend. Germany is serious about being the only industrial country in the world to simultaneously abandon nuclear energy and coal-fired power.
The 31 members of the government commission “Growth, Structural Change, Employment” will decide on the final plan on Friday evening. It will not be a good plan. It is expensive, risky and will hardly benefit climate protection.
There are plans for a new political intervention in the energy market that is more serious and riskier than the decision to phase out nuclear power. According to the plan, five to ten large power stations are to be shut down by 2022. According to the plan, by 2030 half of the coal-fired power plants which currently provide around 50 percent of Germany’s electricity requirements, will have been shut down.
Power plant operators will receive billions of euros in compensation, the affected federal states and districts more billions as adjustment aid, the coal miners billions as transitional money. And because this massive state intervention in the market increases the price of electricity for everyone, Germany’s energy-intensive industry is also demanding subsidies of between 14 and 54 billion euros by 2030 so that it can survive international competition. All in all, it will cost many billions of euros. However, is all of that tax money well spent?