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Posts Tagged ‘European Union’

Europeanising the German energy transition


The hot topic rolling in all news journals in Germany is about phasing out its nuclear power and starting to embrace renewable energy resources. It is a bleak idea to me as how Germany being the most powerful industrialized country in Europe has come with a bold decision. Is it a proxy-imperial economic subjugation?

German’s nuclear power turmoil took a serious turn after the mishap occurred at Japan’s Fukushima disaster.

When India is looking at “Opportunity cost” at this time, such things raises doubts and becomes a blanket argument while it is reviewing the existing nuclear programme. Germany is the first European country to phase out Nuclear power as it is getting exhausted with its nuclear resources and its deficit needs are met by imports. Germany’s environmentalists had hoped that phasing out nuclear plants would provide way for to “Go Green”.

Substantially, there are compounding problems in phasing out nuclear power:

  1. Renewable power sources will be costly. Consumers must be ready to pay more for electricity.
  2. A country relying entirely on renewable energy lead to variability problems in load sharing.
  3. The initial losses due to the investment will need to be enforced through subsidies
  4. This might have ripple effects across Europe thereby countries have to spend more on transmission systems who tend to follow Germany’s footsteps.