Germany's $59 billion climate change package isn't enough, analyst says

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Germany's 54 billion euro ($59 billion) plan to reduce carbon emissions is too small to make a difference, an analyst told CNBC Monday.

Friday's announcement followed an earlier decision to help regions hit by the phasing out of coal, a policy set to cost Germany an estimated 40 billion euros. "The sums may sound large.

For Germany, a balanced budget — one where revenues match or outweigh expenditure — and price stability are pillars of the nation's collective psyche, which still has memories of the hyperinflation that crippled the Weimar Republic in the 1930s.

 

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Germany is a case in study of how not to do things politically

It’s never enough.

…because they abandoned zero emission nuclear power for “renewables” that are backed up by fossil fuel plants...

Please see this video

Imaginary numbers. This is the people’s money, not the government’s.

Well put.

The entire EU, USA, Canada, and Australia could go CO2-free tomorrow and it would reduce global CO2 emissions by ~25%, which still isn't enough to have much of an effect.

Make it a trillion. Why not

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