Germany Embarks on Historic Alternative Energy Push
March 19, 2012, www.commondreams.org – Spurred by a public outcry following the Fukushima nuclear disaster in Japan, Germany’s Prime Minister, Angela Merkel, announced last year that Germany would phase out all of its nuclear power plants. Now, with a looming 20% energy gap to fill, the European nation plans to follow on its early leadership in the green energy sector with an unprecedented investment in alternative and renewable sources, including wind and solar.
The program will cost 200 billion euros ($263 billion), about 8 percent of the country’s gross domestic product in 2011, according to the DIW economic institute in Berlin. And Bloomberg News reports that, “Not since the allies leveled Germany in World War II has Europe’s biggest economy undertaken a reconstruction of its energy market on this scale.”
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