With their commitment to COP27, Germany is not allowed to sign long-term LNG contracts. And that's the problem with setting deadlines. Folks think that setting a 2035-deadline for phasing out coal can always be changed. In fact, once the deadline is set, the clock starts clicking and the bureaucracies fall in line -- Germany is now forced to pay spot price for LNG.
Link here.
I see an analogy with Biden and Trump.
Trump did a lot of talking.
Biden is actually getting it done.
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