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Coal Is Keeping the Lights On

March 10, 2023 By Debbie Young

By Markue @ Shutterstock.com

The Hilarious Green Irony

How did Germany manage this winter to avert a recession brought on by an energy shortage? As the WSJ editors explain, give thanks to evil coal.

Data released Thursday show coal’s role in electricity generation growing in Germany for the second year running.

Coal, which accounted for 33.3% of electricity production in 2022, picked up some of the slack from natural gas. Natural gas’s share of electricity production dropped to 11.4% as a halt of gas imports from Russia forced Germany to use other fuels.

In actuality, coal’s resurgence started in 2020, before the Ukraine war triggered fears of a gas crisis.

Blame renewables and the politicians who love them, continues the WSJ.

The renewable share of Germany’s electricity generation grew to 46.3% from 42.3% in 2022, the data point Berlin will want to highlight. But wind and solar don’t work when the winds are still or the skies are cloudy.

Utilities require cheap and easy alternative sources of power to match supply with demand in an advanced industrial economy when the weather doesn’t cooperate. Cheap and easy means coal, which is why coal’s share of German electricity increased even as the overall share of conventional sources of energy declined to 53.7% from 57.7%.

Political Hostility to Nuclear

Resurgence in coal also can be blamed on the political hostility of Germany’s green left to nuclear power,

… share of electricity production fell to 6.4% from 12.6% as three reactors were shut, leaving only three left to limp along this spring. Germany could tap its shale-gas reserves for a cleaner-burning alternative to coal, but that option is politically toxic too. So in an hilarious green irony, coal is keeping the lights on.

Will the U.S. Surpass Germany’s Stupid Index

Berlin still plans to ban coal by 2030, warns the WSJ.

Maybe before that day arrives politicians in Berlin will catch up to what the market already knows: Fossil fuels remain indispensable for powering modern economies.

Reality Meets Practicality

Also notable is the absence in the WSJ article of statistics on how coal or wind are contributing.

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Debbie Young
Debbie, editor-in-chief of Richardcyoung.com, has been associate editor of Dick Young’s investment strategy reports for over three decades. When not in Key West, Debbie spends her free time researching and writing in and about Paris and Burgundy, France, cooking on her AGA Cooker, driving her Porsche Boxter S through Vermont and Maine, and practicing yoga.
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