By Tyler Durden | 3 January 2021
ZERO HEDGE — As nat gas prices surge in Europe, Germany is kicking off the new year by moving ahead with plans to shutter three of its six remaining nuclear power plants, making good on a commitment made in the aftermath of Japan’s disastrous meltdown at the Fukushima Daiichi plant.
The decision was championed especially vigorously by the Greens, who are now helping to rule as part of Germany’s new “stop sign” ruling coalition. But soaring natural gas prices across Europe mean this concession to the environmental lobby couldn’t come at a worse time.
It’s a decision that could have consequences for the US. As we have complained before, the AOC-backed “Green New Deal” mostly excluded nuclear, by far the most efficient and useful alternative to fossil fuels, instead choosing to rely solely on inadequate “renewables”. And as Reuters adds in its report, Germany’s decision to pull the plug represent an “irreversible” pivot away from an energy source deemed “clean and cheap by some.” […]
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