Germany spent half a trillion dollars to become the world’s green energy superpower. Instead, they got the highest electricity prices in Europe, a dying industrial sector, and a grid that now relies on dirty coal to keep the lights on. How did the economic engine of Europe drive itself off a cliff? In this deep dive, we uncover the timeline of the Energiewende disaster. From the panic-induced shutdown of nuclear power plants to the fatal addiction to cheap Russian gas, we expose the policy failures that are forcing companies like BASF and Volkswagen to flee the country. Is this the end of “Made in Germany”? And what can the rest of the world learn from this expensive experiment?
Why doesn’t our current Minister for Climate Change and Energy in Australia, Chris Bowen learn from Germany’s $500 billion mistake?