Germany spent $500B on renewables, yielding less power at triple cost
Doug Burgum · Doug Burgum, Secretary of the Interior | All-In DC · May 6, 2025 · at 19:11
Doug Burgum, US Secretary of the Interior, highlights grid performance and economic outcomes of Germany's green transition with host David Friedberg.
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“So Germany spent a half a trillion dollars, five hundred billion dollars on the quote, air quotes, transition to green energy. They were transitioning to wind and solar. Half a trillion, five hundred billion dollars. They today produce 20% less electricity, and that electricity cost three times as much as it did before they began the transition.”
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