Welcome to European Tribune. It's gone a bit quiet around here these days, but it's still going.
Just to clarify the reasons Fricke gives:
  • energy saving in private households has currently a better cost/benefit ratio than most other measures
  • at some point this potential has to be lifted to reach the goals

Some problems are
  • exchange of a small 1993 fridge with a modern A++ fridge, which, however, has 3 times the volume isn't as energy saving as Fricke indicates
  • in a cap and trade CO2 emission system, extra subsidies in one branch do not affect the whole emissions. The lower CO2 emissions due to a reduction at point X make the emission rights available at point Y.
  • the federal gov has not saved in the good times. The debt/GDP ratio of the federal gov in Germany is about the same as in the US, when only publicly held debt is counted. Consumer debt is shrinking since years. Therefore the German gov has as little room as the US to stimulate demand, but the demand should come from reduced private savings.

Der Amerikaner ist die Orchidee unter den Menschen
Volker Pispers
by Martin (weiser.mensch(at)googlemail.com) on Mon Jul 28th, 2008 at 11:33:21 AM EST
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