Vanadis IPO, page-112

I’ve mentioned in previous posts about the dilemma that Germany is in. Today’s ICC report puts it in sharper focus...
Europe’s biggest carbon polluter ,and will fail badly  in its 2030 targets due to its flawed strategy of abandoning nuclear and no grid battery storage plan.And with a car industry ( who are going to save us with electric vechicles apparently) who are the worst.
Even after SPENDING  $580 BILLION!

From Bloomberg;
‘The real problem is that Germany is also also trying to phase out nuclear reactors, a response to the 2011 Fukushima Daiichi meltdown in Japan. And with the 2020 goals looking like a stretch, there’s increasing concern that tighter goals the country is planning for 2030 will be completely out of reach.’

‘Shutting down nuclear plants is leaving Germany short of generation plants that can work on the breezeless dark days in winter when wind farms and solar plants won’t provide much to the grid—and demand is at its peak. Another problem: When it’s windy and bright, the grid is so flooded with power that prices in the wholesale market sometimes drop below zero.’

https://www.bloomberg.com/graphics/2018-germany-emissions/