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US strikes $1.2B deal to pay German firm to halt offshore wind projects

bbc.com

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Re: US strikes $1.2B deal to pay German firm to halt offshore wind projects

#371

Post by cmrdporcupine »

rayiner wrote: post #233
jaapz wrote: post #177

Earlier quoted context omitted.

So a subsidy to stop building, instead of a subsidy to start building

No, it's compensation for backing out of a deal. In contract law, once a deal is signed, you're entitled to the "benefit of the bargain" if you perform your end of the deal. A breakup fee allows one side to get out of the deal, while compensating the other side for sunk cost into the project, opportunity costs from not having pursued other deals, etc.

I think you're missing the commenter's point.

Re: US strikes $1.2B deal to pay German firm to halt offshore wind projects

#372

Post by pennomi »

zmmmmm wrote: post #310

I read up recently on the history of the fall of the roman empire and it was fascinating how eerily similar it was to the current state of the US. Overwhelmed by corruption and wars they make stupider and stupider decisions on ever larger scales, ever more frequently. And the population grows ever more cynical, eventually opting for authoritarianism before eventually the center can't hold any more and it all collapse…

The US sure seems to be speedrunning the collapse though.

Re: US strikes $1.2B deal to pay German firm to halt offshore wind projects

#375

Post by janalsncm »

jfengel wrote: post #142
bsenftner wrote: post #63

The USA is governed by evil people, and the people of the nation are too stupid and expecting someone else to stop them. Plain as day light.

No, we're not expecting someone else to stop it. We voted for this. The evil is not imposed on us. It is us. Not everyone, but a majority. The minority is looking for ways to stop it, but it requires getting literally everyone else to work together. Which means any disagreement among them results in a loss, and more of the same evil.

Roughly 1/3 voted for the winner, 1/3 for the loser, and the rest didn’t vote.

A majority did not choose this.

Re: US strikes $1.2B deal to pay German firm to halt offshore wind projects

#376

Post by throwaway173738 »

smolder wrote: post #286
i5heu wrote: post #101

Earlier quoted context omitted.

"common sense" is common sense because it is not "specialised sense" or "expert sense" So if politicians base their decisions on "common sense", they confess to not being able to use experts that refine their knowledge and position about a topic. A "common sense" strategy is therefore what is most popular and on the basis of the understanding of laymen without deeper understanding or knowledge.

"Common sense" might also mean "do the simple thing" which, given how cheap it is to invest in renewable energy sources like solar farms, and how much room we have to build daytime capacity that way without large scale storage, might mean installing a lot more solar. Don't pretend the current US admin is anything but corrupt and stupid.

Don’t overthink it. Burgum means “don’t disagree with me I’m always right” when he says it.

Re: US strikes $1.2B deal to pay German firm to halt offshore wind projects

#377

Post by estearum »

epolanski wrote: post #357
estearum wrote: post #218

Earlier quoted context omitted.

Someone who is "rich" in a consumable asset and therefore chooses to just consume that instead of investing in a renewable or compounding asset is colloquially known as "a dumbass."

But US seems to be doing a bit of everything no? But of course it doesn't have the same incentives of China.

You are commenting on an article in which the US is deciding (and paying immense costs) in order not to do everything. The current administration is actively trying to squash several proven-valuable ways of converting non-renewable resources into renewable ones.

Re: US strikes $1.2B deal to pay German firm to halt offshore wind projects

#379

Post by greenleafone7 »

chewbacha wrote: post #18

Parts of the world are literally on fire but the US is redirecting money to halt renewables and towards gas. The demand for energy is higher than ever due to AI data centers, but I guess the next model is more important than a habitable environment.

If we all die, whom will they charge 100 Euros per 1M tokens I wonder. True dilemma right here.

Re: US strikes $1.2B deal to pay German firm to halt offshore wind projects

#380

Post by throwaway473825 »

myrmidon wrote: post #227
s_dev wrote: post #196

Earlier quoted context omitted.

What's more mental you talk to any Germans about deprecating their Nuclear power stations they will bang on about their plan for renewables and then you read these sorts of headlines. What the hell is happening over there? Why can't they get 'energy' despite being a scientifically literate nation. France has a far superior energy policy so it's not like you even have to travel beyond a few miles to see a wildly diffe…

Germany is already way ahead of the US in switching away from fossil electricity (also ahead of China). Sure, keeping the entire nuclear fleet from ~2000 would have maybe helped, but would have required very costly (economically and politically!) investments over the last few decades, and those basically went into renewables instead which turned out fine. See: https://ourworldindata.org/grapher/electricity-prod-sourc…

I definitely wouldn't say that it turned out fine. The push against nuclear transcended into a larger push against electricity, making Germany a laggard in electrification. The car sector certainly isn't doing fine.

It's also funny how air conditioning powered by electricity is discouraged, while air conditioning in ICE cars or gas heating in buildings are at the very least tolerated. It's crazy if you think about it.

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