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Old 09-11-2019, 02:29 AM   #6826 (permalink)
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Geo XL1 - '94 Geo Metro
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Renewables Threaten German Economy & Energy Supply

A new report by consulting giant McKinsey finds that Germany's Energiewende, or energy transition to renewables, poses a significant threat to the nation's economy and energy supply.

One of Germany's largest newspapers, Die Welt, summarized the findings of the McKinsey report in a single word: "disastrous."

"Problems are manifesting in all three dimensions of the energy industry triangle: climate protection, the security of supply and economic efficiency," writes McKinsey.

Bloomberg News, which strongly advocates renewable energy, last week called the supply problems a "warning short to the rest of the world."

“We have to have systems in place to make sure we still have enough generation on the grid -- or else, in the best case, we have a blackout, and in the worst case, we have some kind of grid collapse,” Severin Borenstein, a University of California energy economist told Bloomberg.

Quoted Bloomberg article.

Climate Changed

Sometimes, a Greener Grid Means a 40,000% Spike in Power Prices