Federal auditors call out Germany’s failing green energy transition

German Chancellor Merkel surveys an offshore wind site [image credit: evwind.es]

Spending fortunes, having little of any benefit to show for it, and not being in control of what’s going on. That seems to be the verdict from the auditors on their government. The sums involved are eye-watering.

Germany’s Federal Audit Office has accused the government of a catastrophic mis-management of the green energy transition (Energiewende), reports The GWPF.

The wastage of resources is “unprecedented”. Germany’s Federal Audit Office has accused the federal government of having largely failed to manage the transformation of Germany’s energy systems.

The expenditure for the ecological restructuring of the energy supply is in a “blatant disproportion to the hitherto poor yield”, said President of the Court of Audit Kay Scheller in Berlin: “The Federal Government is at risk to fail with its once in a generation project of the Energiewende”.

A little more than a year before Germany’s climate-policy “milestone 2020”, the auditing body has concluded a catastrophic assessment of the government’s energy policy. Germany would miss its targets for both reducing greenhouse gas emissions and primary energy consumption as well as for increasing energy productivity and the share of renewable energy in transport. At the same time, policy makers had burdened the nation with enormous costs.

“Over the past five years alone, at least 160 billion euros have been spent on the transformation of the energy system,” the report states: “If the costs of energy system transformation continue to rise and its targets continue to be missed, there is a risk of a loss of confidence in the ability of government action.”

As early as 2016, the Federal Audit Office had certified that the federal government had no overview of the costs of the energy system transformation. In the current report, the criticism is even harder because it suggests a general loss of control.

“Unprecedented” wastage of resources

Crazy world of climate finance [image credit: renewableenergyfocus.com]

According to Federal Audit Office data, the Energiewende has cost around 34 billion euros in 2017 alone. In addition to the federal government’s expenditure of almost 8 billion euros, this also includes the burdens on end consumers, in particular due to the renewable energy levy (EEG). “The Federal Government, incidentally, does not have an overall grasp of the costs or any transparency in this respect.”

The wastage of resources to implement the Energiewende was “unprecedented”.

Continued here.

via Tallbloke’s Talkshop

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September 29, 2018 at 03:28PM

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