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by flanked-evergl
66 days ago
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No. 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. |
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