MERKEL DECIDES GERMANY TO BE NET ZERO CO2 EMISSIONS BY 2050 AT HUGE COST

This piece spells out the cost of Angela Merkel's decision to make Germany have net zero CO2 emissions by 2050.

"People remember 2011 and Merkel’s rash decision to prematurely abandon nuclear power. When the German chancellor believes that Germans want to save the world, she decides very quickly, whatever the cost. Only votes and public mood counts.  Economic or other rational considerations no longer play any role – just like her decision to open the border for all and sundry. And now the jump onto the climate bandwagon because of demonstrating pupils and singing Protestants".

"The Chancellor’s new promise to achieve the last ten percentage points of CO2 reduction (from 90% to 100%) increases the additional energy costs from 4,600 to around 7,600 billion euros by 2050. This is an astronomical figure: it is more than double the amount of all goods and services produced in Germany in 2018". This is interesting because, of course, the UK government has just promised to do the very same and we were told that it would cost us no more than the 90% target.