Will the last person to leave Germany please turn off the lights? Unfortunately, that may not be an option for much longer. New data shows that the country’s economy has seen a sharp drop in electricity production, falling by almost 10% in the first quarter of 2024 compared to last year. It is the lowest quantity of electricity the country has produced since 1990.
Depressing to watch electricity production crashing in Germany year by year.
We can all see what they’re doing to themselves.
Maybe other EU nations enjoy seeing the decline of Germany?
It’s almost unfathomable to me as an American to watch Europe sleepwalking into this.
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— Mark Nelson (@energybants) April 2, 2024
One reason for why this might be the case was the decision by Olaf Scholz’s government to say auf wiedersehen to nuclear power and complete the phasing out of the renewable energy source.
It’s not just electricity production where Germany has lost its spark either. Recently, the country’s finance minister admitted that the economy was in “troubled waters”, raising concerns about a Weimar-like situation in the European country. No wonder Scholz is among the most unpopular leaders in the Western world…
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