This is stupid given that Germany needs every watt of new generation it can get in order to reduce electricity prices (if anything, to kickstart their industrial might again)
You see the last government was the best we had in decades, possibly generations. And they were unpopular. So the new government is doing the opposite. They‘re stupid and their policies are destructive for the economy and society. But hey, at least they are even more unpopular than the last government!
It’s going to happen worldwide and it is less of a reflection of a lack of interest, but the current price of PVs mean they are economical even without subsidies. link
I think this is a good thing, IF the subsidies are shifted from PV to other de-carbonising measures (e.g. increased heating system replacement subsidies).
And solar energy has considerably contributed to lower electricity costs for the German industry! It is households which pay the extra costs of grid modernization, but don’t harvest much advantages of cheap renewable generation.
Also, IMO grid modernization should be considered a cost caused by fossil energy use, because it would be much cheaper if we hadn’t been clinging to coal for so long. And the necessity to modernize the grid is also caused by the climate damage which fossil energy is causing, so it is wrong to charge even consumers which already use 100% of cheap renewable energy with the cost of modernization.
And regarding nuclear, which somebody surely will bring up - at that point betting on nuclear was just an excuse for continuing to use fossil energy without changing ways. Nuclear is just too expensive to be any reslistic alternative. Especially considering that the billions spent on nuclear plants would have much better effects if spent on modernizing train infrastructure and giving interest-free KfW credits for investments in buildung insulation, heat pumps, and EVs.
Reminder that Germany was once the technology leader in solar cell production until the CDU killed the industry and gave that whole market to China.
CDU, the: The Christian Democratic Union (CDU) is a major centre-right political party in Germany, founded in 1945.
PV is already cheap and other parts of tge infrastructure are lacking. In my opinion it makes sense to drop subsidies for PV, it will easily grow without them. Infrastructure modernization and energy storage should be subsidized instead. To pull investments where they are needed most.
I wonder how this could benefit me. So far I came up empty.
Well that entirely depends on if you have millions worth in shares in fossil fuels or not.
