Germany's Rising Cost of Going Green
On
30 May 2011, in the aftermath of Japan’s Fukushima nuclear disaster two
months earlier, German Chancellor Angela Merkel announced an "energy
revolution" and that Germany would close all of its 19 nuclear power
plants (NPPs) between 2015 and 2022, which produce about 28 percent of
the country's electricity. The shortfall was to be made up with an
increased emphasis on renewable energy sources. In the wake of Germany’s
decision, Switzerland, Belgium, Japan, Italy, and many other nations
declared, in one way or another, their intent…Read more...
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