“Germans Have Been Buying Price Decline”

From this article by Justin Gillis at the New York Times on the transition to renewable energy in Germany.

The whole quote would be “The Germans were not really buying power – they were buying price decline”, attributed to Hal Harvey, CEO of the “Energy Innovation” think tank.

I agree with the sentiment that the price decline was the more important result of installing all that renewable energy in Germany. But clearly Germany has also bought some power in the deal, and some price declines in the long term and in the short term wholesale markets.

My way of saying that is that the ebbing tide lifts all the boats.

The article closes with another quote, this time from Markus Steigenberger of Agora Energiewende. “Indeed, the German people are paying significant money. But in Germany, we can afford this – we are a rich country. It’s a gift to the world.”

Exactly. And it is not only a gift, but also payback for the fact that Germany as one of the early industrialized countries has profited most from the irresponsible use of fossil fuel over the last two centuries. Germans have a moral obligation to help with the solution of this problem.

Published by kflenz

Professor at Aoyama Gakuin University, Tokyo. Author of Lenz Blog (since 2003, lenzblog.com).

3 thoughts on ““Germans Have Been Buying Price Decline”

  1. “ebbing tide lifts all the boats”

    Nit pick. That would be a flood tide not an ebb tide.

    ebb tide n. The receding or outgoing tide; the period between high water and the succeeding low water.

    flood tide n. The incoming or rising tide; the period between low water and the succeeding high water.

    Like

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