Energy Ruin? German Expert: Fridays-For-Future Demands Would Cost Households $1150 – A Month!

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Fritz Vahrenholt: Merkel’s stricter climate targets to cost Germany another 3 trillion euros.

The stricter climate protection targets recently announced by Chancellor Angela Merkel at a Protestant Church Congress would put a considerable burden on the German economy and every single household.

If the goal formulated by Merkel to increase the CO2 reduction target from 90 to 100 percent by 2050 were really achieved, then it would result in additional costs of around 3000 billion euros, according to a calculation by the former Hamburg Senator for the Environment, Fritz Vahrenholt (SPD).

7.6 trillion euros, twice Germany’s GDP

The cost of achieving climate neutrality by 2050 thus would rise from an estimated 4600 billion to 7600 billion euros. This is about twice as much as Germany’s gross domestic product in 2018, according to the magazine Tichys Einblick in its issue published Monday.

For these figures, Vahrenholt relies on a study commissioned by the Federal Government on the costs of the Energiewende (transition to green energies), which the National Academy of Sciences Leopoldina, the German Academy of Engineering Sciences (acatech) and the Union of German Academies of Sciences and Humanities presented in November 2017.

Additional 320 euros per month per household

According to the study, the researchers expect costs for reaching the 90 percent target to reach 4600 billion euros by 2050. According to the study, this corresponds to an average additional burden on households in Germany of 320 euros per month.

Reductions getting increasingly difficult, expensive

An increase in climate protection targets beyond the 90 percent aim, as Angela Merkel has now formulated as a target, is particularly expensive because all “favourable” possibilities for CO2 reduction and replacement have already been exhausted.

“The technical expenditure for any further reduction is much higher since all potentials for direct electricity use have been exhausted and low-cost fossil natural gas must be replaced by elaborately produced synthetic energy sources,” the researchers wrote in 2017.

3000 billion euros for last 10% reduction

On the basis of the cost assumptions made by the researchers, Vahrenholt extrapolated the costs for the last ten percent. According to this approach, the costs for the last ten percent are 3000 billion euros. By way of comparison, in their government report the researchers stated that the additional costs of increasing the climate protection target from 85 to 90 percent amounted to 1300 billion euros.

1050 euros per household – per month!

If the demand of the “Fridays for Future” demonstrators were met and climate neutrality were to be achieved by 2035, the costs would be incurred in a shorter time. According to Vahrenholt, the cost burden would rise to 1050 euros per household – per month!

You can read the detailed cost calculations in the last Monday edition of Tichy’s Einblick. You can also find the article on the Internet here.

www.tichyseinblick.de

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18 responses to “Energy Ruin? German Expert: Fridays-For-Future Demands Would Cost Households $1150 – A Month!”

  1. richard

    Gott in Himmel, that is eye watering.

    1. SebastianH

      Climate contrarian math is always eye watering, I agree.

  2. sasquatch

    How many nuclear power plants will you need to replace 27,000 useless wind turbines sticking out like sore thumbs across Deutschland?

    Nuclear power plants will solve the problem, the carbon emissions conundrum can be avoided.

    Problem solving is part of the equation, not too difficult to see something like that. Maybe not rocket surgery, but close.

    Anyhow, there is a solution to nuclear waste and the problem of nuclear waste can be solved.

    The task can be then completed, solutions are out there.

    Don’t have to pay through the nose to make it happen, that’s for sure.

    The Management of Unwanted Nuclear Material

    1. Don from OZ

      My understanding of Nuclear power is that when nuclear was first being considered for electric power generation 2 elements were contenders – uranium and thorium. Uranium was favored for it’s ability to be used to make nuclear bombs. Thorium reactor developments thus languished despite some superior characteristics, safety being at the forefront, did not require expensive high pressure structures for containment, very small amounts of waste byproduct, very much shorter half life of the waste, ability to be built in much smaller modules.
      Now is the time for LFTR to be developed and built.

  3. Stephen Way

    That woman gives me the shivers!

    1. Yonason

      As you must know,she’s so scary she gives herself the shivers.
      https://youtu.be/ilEolWazM6o

      And what the…??? They still play Deutschland Uber Alles? (that’s what it sounds like.) Have they no shame?!

  4. Graeme No.3

    Merkel is about to retire and wants to leave a Theresa May type disastrous legacy.
    A bit like Samson pulling down the temple.

    When it turns out to be unworkable, inefficient and vastly expensive and is abandoned, she will claim that small minds are trashing her vision.

  5. Philip Verslues

    Wow I’m waiting for the torches and pitchforks.

  6. Gerald the Mole

    Why should she worry? She won’t suffer but will bask in the glow of self righteousness.

  7. Robert Christopher

    ‘If the goal formulated by Merkel to increase the CO2 reduction target from 90 to 100 percent by 2050 …’

    I am waiting for a better bid: a target of more than 100% …

  8. bonbon

    And this policy just as Deutsche Bank implodes, BASF and the auto sector shrink. Short work for 34% of textile producers will put workers off for several weeks or months; 28% of automakers; 20% of metallurgy companies; 17% of leather producers; 15% of rubber and plastics producers; 11% of
    machine builders (DiW). Focus reports 2018 investments of Eu218 billion in green bonds and projects where risk is “climate meaningfull”.
    So a huge green bubble is to be pumped up with, as usual , people’s money.
    Bit like the Musk model, what?
    Not to worry, all that loot is for a meaningfull cause!

  9. tom0mason

    The upside of this is that as Germany reduces its economic/manufacturing might through moves such as this, in the ever expanding model of Soviet-Style-Republics-of-the-EU (SSREu) will weaken internally, revealing more cracks in the group, cracks that will grow ever larger.
    So keep at it Angela Merkel (and all your political followers and the German Greens), the fracturing and eventual fall of the tyrannical EU will hopefully follow soon.

    Maybe then they will consider the sanity option of a confederation of independent trading nations, and not the banal option of government by elitist decree from Brussels.

  10. Yonason

    Globalists are hell bent on destroying the economies of the world in every way they can. Their stated goals are unreachable, and harmful if enacted.
    https://business.financialpost.com/opinion/terence-corcoran-why-the-great-fossil-fuel-phase-out-is-scientific-economic-and-political-fantasy-akin-to-time-travel

    No economy, no jobs, no transportation, no food, no sanitation services, no medical services, no social order – that’s what would result. Why would anyone want that? And yet everything they do says that’s the direction they are heading, and it’s what they want more than anything else. Either they are very stupid, or very bad people who aren’t too bright at foreseeing the outcomes of their destructive policies.

    Don’t they realize that if their policies result in global chaos, the world won’t be safe for them, either?

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