Germany's Rising Cost of Going Green

Germany's Rising Cost of Going Green

by admin@namecake.com (John Daly)

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...