Quote:
Originally Posted by Fuzz
That really depends on where you are. Energy shortages in Europe, particularity Germany, are absolutely caused by green policies. Which should serve as a warning for us of what happens when you try to replace baseload generation with green alternatives and no storage.
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Ok, that's local/regional problems.
The energy crunch is a worldwide problem and I'm addressing that. Literally every country is grappling with it and it can be exacerbated by various different local regional issues, but it's not the root cause.
The root cause is supplies are low due to geopolitical friction (OPEC+), and economic (years of bankruptcy and wind down due to unprofitable prices then negative price shock). That's then followed by insane demand pressies with post COVID rebound stronger than anyone expected. You could make an argument that the switch to gas power generation has worsened some of it, but even that is tangential