Germany is discovering what it costs to virtue signal, turn off their nuclear reactors and "go green" - from Die Welt running through Google Translate:
Climate protection costs us 2,300,000,000,000 euros
A chancellor minister Peter Altmaier predicted years ago that the costs of the German energy transition could reach a trillion euros , he only earned unbelief, scorn and ridicule. Now it's time to rehabilitate Altmaier. Because the trillion number - a one with twelve zeros - is back, scientifically proven and greater than ever before.
The Federation of German Industries (BDI) has let about 200 experts for one year. 68 associations fed numbers. Scientists, entrepreneurs and trade unionists discussed all imaginable future scenarios of energy supply in more than 40 workshops.
Summarized and analyzed by the institutes Prognos and Boston Consulting Group, the result is now available in the form of a 300-page study entitled "Klimapfade für Deutschland". Accordingly, Germany will have to invest around 1.5 trillion euros over the next 30 years to reduce CO2 emissions by 80 percent as planned.
But this is just the minimum goal. In fact, it gets even more expensive. Because Germany had promised in writing in the context of the World Climate Agreement of Paris, even to aim for a CO2 saving of 95 percent by the year 2050. According to the BDI study, this goal of an almost complete decarbonization of society requires as much as 2.3 trillion euros in additional investment.
And the impact on the German economy:
In fact, most of the carbon-saving measures initially produce economic losers. "Four-fifths of the necessary measures to achieve the 80-percent climate target are associated with direct abatement costs," warns Kempf: "That means: These measures do not pay off in the view of the respective decision maker - whether industrial companies, homeowners or private consumers."
Somebody has to pay the billions, too. Many homeowners, oil heating owners and motorists are thus inevitably asked to pay for climate protection requirements, without them having an immediate economic advantage.
In order to gain acceptance, incentivize and avoid social imbalances, large sums of money must be used for compensation. The trillion decarbonisation program is also a never before seen fiscal redistribution program.
The government is paid off to support this foolishness and a few plutocrats will get even more wealthy and the cost of this is borne by the average German citizen. All for his benefit of course. The original article is here: Klimaschutz kostet uns 2.300.000.000.000 Euro
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