A lot of people seem to be pushing some weird "anti-environmental" when the simple reality is that all energy costs
I cannot understate the impact of Russian Energy being cut off. Right now we're paying roughly twice as much than we used to for compressed natural gas brought via tanker ships from the us. I genuinely believe that the war in Ukraine is mostly about energy dependence on Russia and Ukraine losing its transfer fees through their old pipelines
> I cannot understate the impact of Russian Energy being cut off.
It's an interesting fact that Western Germany imported Russian gas since the early 1960s, throughout the cold war and in complete opposition to US interests. German Wikipedia has a nice overview: https://de.wikipedia.org/wiki/Geschichte_der_deutschen_Gasve...
It's just one piece of the puzzle. The cost for Co2 certificates is a more major reason. Starting 2027, hedge funds can buy these certificates which will be the nail in the coffin. It's basically Bitcoin on steroids with the difference that people buy Bitcoin out of free will, while the industry is forced to buy these certificates which get more scarce over time.
Anyone can already buy those certificates - but as its an artificial market where rules can be changed politically it's actually way more resistant to such things than regular markets, so if those hedge funds feel like they want to lose some billions they can certainly do that. There is a large enough stockpile of certificates + leeway when to submit them that any short term market squeeze will just be dealt with politically.
It's the loss of Germany's last nuclear plants in 2023[1]. For a country supposedly aiming for net zero the shutdown of their nuclear infrastructure was a huge "own goal". Really sad to see.
mx7zysuj4xew|3 months ago
A lot of people seem to be pushing some weird "anti-environmental" when the simple reality is that all energy costs
I cannot understate the impact of Russian Energy being cut off. Right now we're paying roughly twice as much than we used to for compressed natural gas brought via tanker ships from the us. I genuinely believe that the war in Ukraine is mostly about energy dependence on Russia and Ukraine losing its transfer fees through their old pipelines
nwellnhof|3 months ago
It's an interesting fact that Western Germany imported Russian gas since the early 1960s, throughout the cold war and in complete opposition to US interests. German Wikipedia has a nice overview: https://de.wikipedia.org/wiki/Geschichte_der_deutschen_Gasve...
Phil_Latio|3 months ago
aurelwu|3 months ago
AlexandrB|3 months ago
[1] https://www.cnn.com/2023/04/15/europe/germany-nuclear-phase-...
cenamus|3 months ago