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by flanked-evergl
74 days ago
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German excellence, shitting the bed both ways. From JP Morgan's 16th Annual Energy Paper, March 2026 https://cdn.jpmorganfunds.com/content/dam/jpm-am-aem/global/... > In 2024 we estimated that had Germany not decommissioned nuclear power after the Fukushima accident, it would have needed 50% less electricity generation from fossil fuels, 84% less generation from imported natural gas, 27% less fossil fuel capacity and 42% less natural gas capacity. Another road less traveled: Germany’s electricity prices in 2024 were almost 25% higher than they would have been had the country kept its nuclear power online . And as shown below, Germany might not have experienced such a sharp increase in its electricity imports which are 2x higher than a decade ago as a share of consumption. > More nuclear shutdown repercussions: Germany’s industrial power prices were 3x higher than the US and China in 2024, and part of the reason why Germany has been experiencing the deindustrialization shown on the right. On the positive side we in Norway have 10x higher energy prices because we now have to export energy to Germany during the winter and then our water storage is empty in the summer so we get fucked both ways as well. |
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