21 Februar 2013

Minister: German ‘green revolution’ could cost €1 trillion

Energy intensive firms, largely exempted from surcharges, may also have to pay

Germany’s transition to renewable energy may cost up to €1 trillion in the next two decades, the environment minister said on Wednesday (20 February), piling pressure on his opponents to back plans to cap power price rises before the election.

With an eye on the September vote, Peter Altmaier, one of conservative Chancellor Angela Merkel’s most trusted ministers, has outlined plans to rein in subsidies for renewable power which have pushed up consumers’ electricity bills.

…Full text: www.euractiv.com/energy/minister-german-green-revolution-news-517963?utm_source=RSS_Feed&utm_medium=RSS&utm_campaign=EurActivRSS

Tags: reservations, energy reform, restructuring, nuclear plants, high subsidies, feed-in tariffs, renewable energy

Source: EurActiv, 2013-02-21.

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