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Germans ought to change course on power coverage to keep away from having to warmth properties with firewood, as Putin as soon as joked – Knorr-Bremse boss
Berlin needs to be very cautious on the subject of power coverage, warns Klaus Mangold, chairman of the Supervisory Board of German producer Knorr-Bremse. He says Germany ought to take into consideration returning to nuclear energy.
“We can not soar out of nuclear and cease being lively in coal, after which marvel why power costs are going up,” Mangold advised RT on the sidelines of the 14th Eurasian Financial Discussion board in Verona, Italy. “I imagine that nuclear will probably be essential for the longer term in Europe.”
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Whereas there’s a want to accentuate renewables and save power, oil and gasoline should stay a part of Germany’s power combine going ahead, he affirmed. That is the place Russia will play an essential function, as Europe’s dependable power provider.
“Generally we’ve a paranoia towards Russia, which is admittedly silly. Russia has all the time been a dependable accomplice for us,” Mangold mentioned. Blaming Moscow for the present power disaster is baseless, as Gazprom has already equipped 40% extra gasoline than final 12 months.
Europe wants Russia. Germany wants Russia.
He argued that Germany had adopted the unsuitable power technique, abandoning nuclear energy in favor of photo voltaic and wind. Although outgoing Chancellor Angela Merkel initially opposed the plan to shutter nuclear energy vegetation, the 2011 meltdown in Fukushima, Japan modified her thoughts. Eight atomic vegetation have already been shut down, and the remaining 9 are scheduled for closure in 2022.
If the technique is modified, investments in power may result in decrease costs and higher provide in about 5 years’ time. Till then, nevertheless, home customers might want to think about decreasing their consumption, Mangold argued, in order to keep away from being compelled to warmth their properties with firewood, as Russian President Vladimir Putin as soon as joked.
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