Germany's consumption of around 1000 TWh of #gas per year just got a lot more expensive.

We used to pay <1% of GDP for gas. At €300, it will be ... 8.4% of GDP. Eightpointfourpercent.
Any chance for a friendly discount, @Norway?
So the idea that Germany can continue to cultivate its national neurosis on #nuclear power and #fracking is clearly incompatible with the gas futures market.
Germany’s own #gas resources, that it chose to leave in the ground for fear of fracking (and b/c of low prices), would cover 10 years of Germany’s gas consumption.

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More from @COdendahl

Aug 10
Germany is currently producing 47% of its power from #solar.

Imagine how much that would be, had #Merkel's governments not, mostly for fiscal reasons, killed the solar roll-out after 2012?
(And the chart is in MW, not €. It is *a lot* cheaper now to build 10GW solar than it was a decade ago.)
Had Germany kep the pace of 8 GW per year since 2012, its solar capacity would be almost twice as large now (106 GW vs. the 58 GW today).

During sunny days like today, renewables would probably generate 100% of our power.
Read 4 tweets
May 20
That Annalena #Baerbock has a 74% approval rating for her handling of the #Ukraine war (it’s a war, @ZDF, not a crisis) is remarkable, esp compared to #Scholz’ dismal 50%. Image
Germans’ support for “heavy weapons like tanks” deliveries to #Ukraine continues to be high, though I would have hoped this to be north of 60%. SPD scaremongering has a price. Image
Support for Ukraine’s #EU membership, however, is surprisingly high, at 62%. The German public, IIRC, was never a big fan of enlargement. Enlargement to Ukraine would be a big deal for the EU. Image
Read 7 tweets
May 19
Our cover this week. Image
The briefing to go with that food crisis cover is of course a must-read: brilliantly written, very comprehensive. economist.com/briefing/2022/…
"Welcome to the era of climate change." Our leader on the food crisis lays out the policy options. economist.com/leaders/2022/0…
Read 4 tweets

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