The Price Germany Pays for Net Zero

null By The Editorial BoardJan. 4, 2024 6:30 pm ETWonder Land: Since the Trump indictments have 'sucked out all the oxygen' from the primaries, Ron DeSantis was right to remind Iowa and New Hampshire voters that to get the job done requires a two term presidency. Images: AFP/Getty Images/AP/Reuters Composite: Mark KellyGermans stopped counting long ago, but the rest of the world still might be interested in what Europe’s largest economy is paying to accomplish its transition to net-zero carbon emissions. The short answer: There’s a reason Germans prefer not to know.Consider the construction of new green electricity generation capacity, which is a small part of the net-zero transition. The latest estimate, from the Institute of Energy Economics at the University of Cologne, is that Germany faces a €60 billion ($65.5 billion) financing gap up to 2030 to build sufficient power generation. Copyright ©2024 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8Spon

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The Editorial Board

Jan. 4, 2024 6:30 pm ET

Wonder Land: Since the Trump indictments have 'sucked out all the oxygen' from the primaries, Ron DeSantis was right to remind Iowa and New Hampshire voters that to get the job done requires a two term presidency. Images: AFP/Getty Images/AP/Reuters Composite: Mark Kelly

Germans stopped counting long ago, but the rest of the world still might be interested in what Europe’s largest economy is paying to accomplish its transition to net-zero carbon emissions. The short answer: There’s a reason Germans prefer not to know.

Consider the construction of new green electricity generation capacity, which is a small part of the net-zero transition. The latest estimate, from the Institute of Energy Economics at the University of Cologne, is that Germany faces a €60 billion ($65.5 billion) financing gap up to 2030 to build sufficient power generation.