Thursday, August 17, 2023

Deindustrialization 17, Germany recession, ESG problems

More reports here. Enjoy.
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Fears of German recession grow after sharp decline in industrial output
The automotive sector, considered the jewel of German industry, suffered the largest decline in month-over-month industrial output, down 6.5 percent
THOMAS BROOKE May 09, 2023
https://rmx.news/germany/fears-of-german-recession-grow-after-sharp-falls-in-industry-output/

E-Cars Prone To Rapidly Losing Their Charge, Getting Stranded On German Autobahns
By P Gosselin on 20. June 2023
https://notrickszone.com/2023/06/20/e-cars-prone-to-rapidly-losing-their-charge-getting-starnded-on-german-autobahns/

Which Countries Are Most Reliant on Coal?
By Bruno Venditti.  July 11, 2023
Graphics/Design: Sabrina Lam
https://elements.visualcapitalist.com/which-countries-are-most-reliant-on-coal/

Rust belt on the Rhine
The deindustrialization of Germany: If Europe’s economic motor stalls, the Continent’s already polarized political landscape will shudder.
By MATTHEW KARNITSCHNIG JULY 13, 2023
https://www.politico.eu/article/rust-belt-on-the-rhine-the-deindustrialization-of-germany/

Nuclear Phaseout, Green Energy Transition Causing German Industry And Power Production To Leave
By P Gosselin on 7. July 2023
https://notrickszone.com/2023/07/07/nuclear-phaseout-green-energy-transition-causing-german-industry-power-production-to-crash/

Austrian Biochemical Engineer: “No Energy Production Method Is More Damaging Than Wind Turbines”
By P Gosselin on 14. July 2023
https://notrickszone.com/2023/07/14/austrian-biochemical-engineer-no-energy-production-method-is-more-damaging-than-wind-turbines/

Half of German medium-sized businesses want to shut down or move abroad as confidence crisis grows
Company directors are concerned about rising taxes, greater bureaucracy, and a shortage of skilled workers
THOMAS BROOKE July 17, 2023
https://rmx.news/germany/half-of-german-medium-sized-businesses-want-to-shut-down-or-move-abroad-as-confidence-crisis-grows/

Wind and Solar Are NOT Cheaper than Coal and Oil
Connor Mortell 07/18/2023
https://mises.org/wire/wind-and-solar-are-not-cheaper-coal-and-oil

Risk of German de-industrialization is ‘very great’ due to increase in red tape and ‘problematic’ energy transition, leading CEO claims
THOMAS BROOKE July 21, 2023
https://rmx.news/germany/risk-of-german-de-industrialization-is-very-great-due-to-increase-in-red-tape-and-problematic-energy-transition-leading-ceo-claims/

ESG Is Dying Its Inevitable Death
Lance Roberts | July 21, 2023
https://realinvestmentadvice.com/esg-is-dying-its-inevitable-death/


World’s Biggest Wind Power Projects Are in Crisis Just When World Needs Them Most
William Mathis July 22, 2023
https://news.yahoo.com/world-biggest-wind-power-projects-140000749.html

Energy Giant Vattenfall Puts Gigantic Offshore Wind Project On Ice, “Threatening UK Climate Targets”
By P Gosselin on 23. July 2023
https://notrickszone.com/2023/07/23/energy-giant-vattenfall-puts-gigantic-offshore-wind-project-on-ice-threatening-uk-climate-targets/

A Silent Threat to the Energy Transition: America’s Broken Infrastructure Policy
By Joshua TrottJuly 27, 2023
https://realclearwire.com/articles/2023/07/27/a_silent_threat_to_energy_transition_americas_broken_infrastructure_policy_969191.html

Global Coal Demand Broke Records in 2022, More Growth Expected in 2023
Andrzej Rostek July 27, 2023
https://www.supplychainbrain.com/articles/37776-global-coal-demand-hit-record-levels-in-2022-expected-to-grow-again-in-2023

NatGas, Coal, Nuclear Power Save Largest US Grid As Emergency Alert Declared For Second Day
Tyler Durden JUL 29, 2023
https://www.zerohedge.com/weather/prepare-generators-largest-us-power-grid-declares-emergency-alert-second-day

South Africa blackouts caused by West paying us to cut coal, says electricity minister
Country is enduring blackouts because it agreed to be a 'guinea pig' and close coal-fired power stations, claims government official
Ben Farmer 28 July 2023
https://www.telegraph.co.uk/world-news/2023/07/28/south-africa-green-finance-pact-kgosientsho-ramokgopa/

EUROPE’S ENERGY CRISIS IS FAR FROM OVER [LNG2023]
BY: NGW Aug 1, 2023
https://www.naturalgasworld.com/europes-energy-crisis-is-far-from-over-106389

Europe Faces Backlash as Climate Goals Clash with Economic and Political Realities
Daniel Hall AUG 6, 2023
https://www.energyportal.eu/news/europe-blinks-in-its-commitment-to-a-great-green-transition/127150/

Siemens Energy Sees €4.5 Billion Hit, Wind Losses Prompt Review
Manufacturer identifies charges of €2.2 billion in wind unit
Company to present result of strategic review in November
By Wilfried Eckl-Dorna 7 August 2023
https://www.bloomberg.com/news/articles/2023-08-07/siemens-energy-reviews-wind-business-on-seeing-4-5-billion-loss

Germany’s Economic Woes Intensify As Production Slumps “Much More Than Expected”
By P Gosselin on 13. August 2023
https://notrickszone.com/2023/08/13/germanys-economic-woes-intensify-as-production-slumps-much-more-than-expected/

Not enough wind deals costly blow for Renewables Infrastructure Group
Emily Gosden, Energy Editor August 05 2023
https://www.thetimes.co.uk/article/not-enough-wind-deals-costly-blow-for-renewables-infrastructure-group-vggvttbfv

More Fuel…For Inflation! German Government Doubles Planned CO2 Price Increase
By P Gosselin on 16. August 2023
https://notrickszone.com/2023/08/16/more-fuel-for-inflation-german-government-doubles-planned-co2-price-increase/
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See also:
Deindustrialization 14, Net Zero slowly on the retreat in Europe, May 25, 2023
Deindustrialization 15, Germany turning from Greens to AfD, June 22, 2023
Deindustrialization 16, UK expensive electricity, coal to avoid blackout, July 08, 2023.

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