German economist Sees 6 serious problems with Germany’s green energy push – Do you want to solve it?

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Via P Gosselin

Germany’s leading economist Hans Werner Sinn look 6 main problems with Europe’s green energy transition (Energiewende) and warned other countries against following Germany’s energy model.

No problem. 1: Non-binding Paris Agreement

In fact, the Paris Agreement was signed by only 61 of the 191 countries and thus committed to reducing their emissions, i.e. more than two-thirds of the countries globally are under no obligation to do anything. what.

This would simply allow wealthy signatories to outsource their emissions to unrestricted countries. Both China and India have free tickets. The Paris Agreement will not affect global emissions and the citizens of rich countries will be forced to make a lot of sacrifices. We have already seen it today.

Problem #2: EU goals are ‘utopian’

The former IFO chief called the EU’s goals “utopian” and added: “Germany also wants to get rid of coal and nuclear power, thus making itself dependent on other countries.” Like Russia.

The belief that the EU can be self-sufficient using only volatile renewables such as wind and solar is perpetuated entirely by “propaganda media”. In fact, it is doomed to fail.

Problem #3: Volatile Power Supply

Another big problem, Professor Sinn explains, is: “Electricity from wind and solar is too volatile to ensure adequate and reasonable electricity supply. Even if Germany were to double its current wind and solar production capacity, doing so would only double the volatility of supply:

As the chart above shows, doubling wind and solar capacity in 2019 will result in many periods of severe oversupply and periods of extreme low supply with demand averaging around 60 percent. German GW. Graph cut here.

Issue 4: Innovation through government-determined central planning?

“Europe is squeezing the auto industry and violating the ‘one price’ law. The market as a process of discovery for low-CO2 technology innovation is shutting down,” explains Sinn.

Instead of allowing the natural market to find the best and most efficient solutions, Brussels simply does it by decree. Ultimately, we will end up with a failed centrally planned economy.

Problem #5: Electric cars are not clean

Now a problem has occurred, using Germany’s current mix of electric power supplies, electric cars are emitting far more CO2 than conventional internal combustion engine vehicles.

Even after 150,000 km of driving, a diesel-powered Golf class car still emits less CO2. Graph: HW Sinn.

However, governments are aiming to force people to drive e-cars. In many countries, this will lead to more CO2 emissions, and not less.

Issue #6: A Europe without fossil fuels will have no global impact

According to Professor Sinn: “With fossil fuels tradable, Europe going zero will not only have a small impact, but no effect at all.”

Regardless of what fuel Europe chooses not to use, other countries will simply burn them. As long as global oil production continues to grow, so will CO2 emissions – no matter what Europe does, decrees or decides

Summary

Sinn concluded his presentation with a warning for Europe: “European unilateralism on climate policy will undermine the competitiveness of industries, triggering a move its downfall and thus discourage other countries from following the European – and especially Germany – approach.