| Story Views | |
| Now: | |
| Last Hour: | |
| Last 24 Hours: | |
| Total: | |
Germany Shift to Renewables will cost at least $1.3 trillion and increased CO2 emissions now and for many years with more coal usage
From
1. Germany's plan to transform its energy system to one reliant on renewable power as it phases out nuclear energy could cost up to €1 trillion, German energy and environment minister Peter Altmaier has publicly admitted. Feed-in tariffs supporting renewable energy could account for over two-thirds of the cost.
In an in-depth interview with Frankfurter Allgemeine, Altmaier said that costs for the plans to reform and restructure the country's energy sector by the end of the 2030s could reach €1 trillion ($1.3 trillion). Feed-in tariffs – guaranteed electricity prices designed to support the adoption of renewables such as wind and photovoltaics – would alone cost some €680 billion ($910 billion) by 2020. That figure could increase further if the market price of electricity fell, he warned.
The shift to renewables is lagging the phase out of nuclear energy and that is being made up by increased coal usage. Increased coal usage is increasing pollution. The current pace of renewable addition will last for many years.
See more and subscribe to NextBigFuture at 2013-03-06 14:01:21 Source: http://nextbigfuture.com/2013/03/germany-shift-to-renewables-will-cost.html
Source:
