Politics / Nuclear Powerplants

Good Morning Ladies and Gentlemen

”Politics is the art of looking for trouble, finding it everywhere, diagnosing it incorrectly and applying the wrong remedies.”

Groucho Marx

Last Week’s “Stefan’s Weekly”

Last week, I wrote: “Statistics show a clear correlation: as a country’s GDP per capita increases, so does its energy demand. In other words, prosperity is closely tied to energy availability. Electric vehicles, KI, still growing population, etc., demand high and continuous levels of (electric) energy.” Furthermore, I asked: “Where should this come from?”

Your Answers I

Thank you very much, Ladies and Gentlemen, for the numerous responses I have received. I was truly overwhelmed by your feedback. There is significant concern among my readers. While a constant source of energy is essential for any society aiming for prosperity, I was surprised to see how many of you also care about environmental issues. The consensus from your feedback is clear: life without energy would be challenging, so it should be available without restriction at an affordable cost, and its production should prioritise cleanliness and sustainability. It was fascinating to see the energy mix that my readers prefer. While cost and environmental concerns were key factors, the need for energy to be consistently available 24/7 contributed to the unsurprising conclusion that many of you believe we need more nuclear power plants.

Your Answers II

The issue, of course, is that nuclear power plants cannot be built in the short term, which means there needs to be a transitional source of energy. Most of my readers are aware of this fact and, where possible, would prefer to utilise hydropower, solar energy (primarily for home use), and small-scale but efficient liquid gas power plants. Only a few have mentioned coal, as its energy density, along with its CO2 and soot emissions, makes it an unattractive option.

My Question

Well, Ladies and Gentlemen, even if we simplify the discussion in my “Stefan’s Weekly,” we can all agree that our society needs reliable sources of energy that are affordable, accessible at all times, and environmentally friendly. In this context, nuclear power plants represent a promising alternative. So, why do the politicians we elected not seem to recognise this?

Politics

I have always believed that politics should revolve around a competition of ideas, where the best and most transparent proposals for the majority prevail. Unfortunately, significant structural reforms, and this is not only true in politics, frequently generate a considerable number of losers, many of whom are voters. This dynamic leads politicians to be cautious about undertaking essential, extensive reforms. Consequently, they often engage in discussions of ambitious initiatives while implementing only marginal changes. It has become evident that their evaluation hinges not on tangible achievements but rather on the promises and declarations they make.

Ladies and Gentlemen

As always, please share your opinion with me, but please do not forget (instead of hitting the reply button) to send your messages to smk@incrementum.li

Many thanks, indeed!

I wish you an excellent start to the day and the weekend!

Yours truly,

Stefan M. Kremeth
CEO & Head of Wealth Management
Incrementum AG – we love managing assets

Tel.: +423 237 26 60
Cell: +41 79 303 48 39
Im alten Riet 153
9494 Schaan/Liechtenstein
Mail: smk@incrementum.li