Germany Sets Aside $130 Billion for Renewable
Energy
German Chancellor Angela Merkel announced on 30 May
that Germany, the world's fourth-largest economy and Europe's
biggest, would shutter all of its 17 nuclear power plants between
2015 and 2022, an extraordinary commitment, given that they
currently produce about 28 percent of the country's electricity.It
is by any yardstick an extraordinary (and expensive) commitment that
may well have the collateral benefit of unlocking similar funding
worldwide for renewable energy projects.
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