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| Did Germany Issue A Death Sentence For Fossil-fuel Cars? by baress(m): 4:58am On Jun 17, 2016 |
[b]No, Germany Did Not Issue A Death Sentence For Fossil-Fuel Cars German Chancellor Angela Merkel ride an electric vehicle at the FAW-Volkswagen plant in Chengdu, China Electrek is one of the better green websites, and it only occasionally makes mistakes. Yesterday, it made a big mistake that could cost investors a lot of money. “All new cars mandated to be electric in Germany by 2030,” the website headlined yesterday, announcing that “Germany is about to become the first major country to set an official deadline for a ban on gas-powered cars.” Should you have bought or sold shares on that news, quickly cancel the order. The newsflash is flat out wrong. It is pure fantasy that, as Electrek writes, “a senior government official in Germanyconfirmed they will impose a mandate for all new cars registered in the country to be emissions free by 2030. The mandate will be part of Germany’s pledge to cut carbon dioxide output by 80% to 95% by 2050.” Let’s retrace the baloney’s gestation. Electrek apparently has the alleged news from Toronto’s Globe and Mail, which used aBloomberg piece, albeit with a catchier headline: “All cars in Germany must be emissions free by 2030, official says.” Also not true. The paper was led astray by Bloomberg, which somewhat correctly, but apparently confusingly wrote that “all new cars registered in Germany need to be emissions free by 2030 at the latest to help meet pollution reduction goals, a senior government official said.” So what did really happen? The official is Rainer Baake. He is not Germany’s “Deputy Economy Minister,” as Bloomberg erroneously writes, he is a public servant, State Secretary of Germany’s Ministry of Economy and Energy. In Germany, that ministry has no jurisdiction over cars. In Germany, Baake’s nickname is “Mister Energiewende,” the man in charge of the country’s energy pivot away from fossil FOSL +0.28% fuel and nuclear towards alternative, renewable energy such as solar, or wind. Baake is a reputable and feared environmental technocrat. For six years, he served as head of the environmental pressure group Deutsche Umwelthilfe, the same group that is Enemy Number One of Europe’s auto industry which reels under DUH’s relentless dieselgate attacks. Rainer Baake also is a member of the Green Party. At a Berlin investment confab, organized by the Tagesspiegel newspaper, Baake was a speaker. Germany’s target is to lower CO2 emissions by 95% by 2050. At the meeting, Baake raised doubts that the target will be met. “There’s been no reduction at all in CO2 emissions by transport since 1990,” Baake noted, saying that since cars typically have a 20-year lifespan, registrations of new diesel and gasoline cars would have to be cut over the next 15 years to get anywhere near the 2050 target. Baake voiced a personal opinion, that’s all. In reality, to get anywhere near the 2050 CO2 reduction goals, Germany’s plans to have 6 million EVs on its roads by 2030. That would be 10% of the currently 61.5 million vehicles, and it is a tall order. Despite a new EUR 4.000 incentive, Germany’s Environment Ministry projects that EV sales will only reach 500.000 electric cars by 2020. According to the EV-Sales scorekeeper, Germans bought only 1,622 EVs last April, READ MORE>[/b] http://baress.com/2016/06/17/did-germany-issue-a-death-sentence-for-fossil-fuel-cars/
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| Re: Did Germany Issue A Death Sentence For Fossil-fuel Cars? by daniska3yaro(m): 7:56am On Jun 17, 2016 |
Hmmm 1 Like |
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