Posted on 04/25/2019 8:54:49 AM PDT by Olog-hai
Amid a slowing economy, and to counter the slowdown, Finance Minister Olaf Scholz plans to support corporate research and development with incentives worth €1.27 billion ($1.43 billion) annually from 2020, according to a draft of the plan seen by Reuters on Wednesday.
Companies doing basic research or industrial development would be able to claim up to €500,000 in bonuses each year, according to the draft law. Previous versions of the bill limited the funds to small and mid-sized companies, but the latest version has no such restrictions.
Only a week ago, the chancellor’s spokesman Steffen Seibert denied the need for a package of measures to boost growth.
German businesses have long called for tax incentives to aid private research and development. The upcoming measures, spearheaded by Germany’s Finance Minister Olaf Scholz, follow the government’s latest revision of its growth forecast, downwards for 2019 from a 2.1% projection a year ago. […]
Despite the gloomy outlook for 2019, the government predicts 1.5% growth for 2020. …
(Excerpt) Read more at dw.com ...
Ya mean....like the American pharma industry?
Better do it now because in three years Germany will be begging for electricity.
No Electricity for Germany.
In a few years, Germany’s last coal and nuclear power plants shall be taken off the grid and shut down. Nobody knows where the electricity will then come from. One thing is certain: wind and sun won’t do it.
The Wall Street Journal describes Germany’s phase-out of coal and nuclear power simply as “the stupidest energy policy in the world”. Although stupid environmental policy is routine, the paper continues, Germany still stands out clearly from this nonsense. While China’s coal consumption is rising, things are going downhill here.
In a few years the last coal-fired and nuclear power plants are to be taken off the grid and shut down. Nobody knows where the electricity will come from. One thing is certain: wind and sun won’t do it.
Given these predictions, Professor Harald Schwarz, Chair of Energy Distribution and High Voltage Technology at the BTU Cottbus-Senftenberg, now has his say. A year ago, he worked on a study for the Brandenburg Ministry of Economics on secure power supply. In the regional Lausitz magazine he now gave a detailed interview (page 45f.), in which the dramatic errors of the Energiewende are made evident.
His verdict:
“We will not be able to cope with the shutdown of coal and nuclear power in three years’ time and can only hope that there are still sufficient reserves of coal and nuclear power in neighbouring countries to supply Germany when we can no longer do it ourselves”.
So foreign countries are the only hope for Germany’s energy revolution. Schwarz soberly notes that around 120 gigawatts of photovoltaic and wind power plants have been installed in the past 15 years.
But:
“The guaranteed output of PV is nevertheless 0%; for onshore wind it is only 1% and for offshore wind it’s 2%. In plain language, the 120 GW of renewables that we have built up over the last 15 years make almost no contribution to the secured output. We will never build a secure power supply with wind and PV alone. Ten years ago, we had around 100 GW of power from secure energy sources at our disposal – coal, gas, nuclear, biomass and hydroelectric plants.”
Wind and photovoltaic plants cannot provide a reliable output, because no electricity can be produced during dull periods or in the dark. An output is only considered “secure” if it can be delivered at any time when it is required.
....
Link: https://www.thegwpf.com/no-more-electricity-for-germany/
That’s against the “social market economy” dogma.
(This seems to be a carryover from Bismarckian “state socialism”, which had earlier spawned a very dangerous form of socialism between 1929 and 1945.)
If you need 120 gw of electric then you can choose form these two options: 1. Have 120 gw of Solar/Wind capacity backed up by Carbon/Nuke with capacity of 120 gw. OR 2. Have Carbon/Nuke with capacity of 120 gw.
You don’t need an advanced degree to figure out the correct choice.
That’s almost 100 times the amount of electric energy needed to power the flux capacitor.
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