In macroeconomic terms, the impending demise of heavy industry is all the more worrying, because the job losses will not be offset elsewhere. There is no sign yet of the green economic miracle that the federal government promised would accompany Germany's new energy strategy. On the contrary, many manufacturers of wind turbines and solar panels complain that business is bad and are cutting jobs. Some solar companies have already gone out of business. The environmental sector faces a number of problems, especially -- and ironically -- those stemming from high energy prices.Buying tulips for insane prices was obviously a fool's game. Shutting down your nukes, regulating fossil fuel plants into bankruptcy and relying on wind and solar to power the grid is, too.
Image credit: The Recumbent Blog.