New NYT columnist Bret Stephens is in good company in misunderstanding German energy policy and outcomes. Here’s where he goes wrong.
Just as the Keystone XL pipeline battle comes to a political head, its business rationale may have vanished.
Readers of The Economist may have been surprised for good reason to read that solar and wind are “the most expensive way of reducing greenhouse-gas emissions.
Japan has nine times Germany’s renewable energy resources, but produces nine times less electricity from renewables. That’s because Japan’s government allows utility monopolies to protect their profits by blocking competitors.
Rather than lament the fall of traditional utilities, we should encourage progressive utilities and disruptive upstarts to shape a new electricity system.
Germany’s Energiewende is a bold and complex experiment. Its inevitable imperfections get recognition and correction, but Germany could surprise the world by transforming even faster.
The sad truth is that the media debate on clean and renewable energy is unbalanced, and seldom by accident.
Germany’s energy turnaround offers proof that an industrialised, politically pluralistic market economy can run well on efficiency and renewables.