LOCATION/TYPE

NEWS HOME


[ exact phrase in "" • results by date ]

[ Google-powered • results by relevance ]

Archive
RSS

Add NWW headlines to your site (click here)

WHAT TO DO
when your community is targeted

Get weekly updates
RSS

RSS feeds and more

Keep Wind Watch online and independent!

Donate via Stripe

Donate via Paypal

Selected Documents

All Documents

Research Links

Alerts

Press Releases

FAQs

Campaign Material

Photos & Graphics

Videos

Allied Groups

Wind Watch is a registered educational charity, founded in 2005.

News Watch Home

German ‘land of industry’ jeopardized by green push, lobby says 

Credit:  By Stefan Nicola | Bloomberg | 2013-10-09 | www.bloomberg.com ~~

Germany will threaten jobs and hamper growth if it persists with expanding renewable energy at the current pace, a chemical lobby said.

Continuing with uncapped subsidies to renewable developers and removing aid for companies that use a lot of energy risks 211 billion euros ($285 billion) in gross domestic product and 1.3 million jobs by 2030 compared with a slower renewable expansion and greater use of natural gas, the VCI lobby said, citing a new IHS Inc. (IHS) study it commissioned.

“The current course of the energy switch is extremely dangerous for Germany, the land of industry,” Karl-Ludwig Kley, president of the VCI, told reporters today in Berlin. “The charges of the energy switch can decide over profit or loss, growth or decline, survival or collapse.”

Chancellor Angela Merkel needs to keep a lid on soaring energy bills that have provoked consumer and industry anger as her government phases out nuclear reactors, a 550 billion-euro plan that has helped saddle Germans with the third-highest electricity prices in the European Union. Merkel has vowed to change the EEG clean-energy subsidy law aimed at increasing the share of renewables to 80 percent of the power mix by 2050 from about 23 percent now, to reduce the plan’s costs.

Germany can remain competitive if it continues to shield large energy consumers from the EEG’s costs, expands the use of gas and slows the pace of the renewable expansion by adding fewer offshore wind farms, IHS said in the study.

“Rising electricity costs present a challenge similar to one Germany faced a decade ago from a rigid labor market,” Ralf Wiegert, director of IHS Economics, said in a statement handed out at the event.

Source:  By Stefan Nicola | Bloomberg | 2013-10-09 | www.bloomberg.com

This article is the work of the source indicated. Any opinions expressed in it are not necessarily those of National Wind Watch.

The copyright of this article resides with the author or publisher indicated. As part of its noncommercial educational effort to present the environmental, social, scientific, and economic issues of large-scale wind power development to a global audience seeking such information, National Wind Watch endeavors to observe “fair use” as provided for in section 107 of U.S. Copyright Law and similar “fair dealing” provisions of the copyright laws of other nations. Send requests to excerpt, general inquiries, and comments via e-mail.

Wind Watch relies entirely
on User Contributions
   Donate via Stripe
(via Stripe)
Donate via Paypal
(via Paypal)

Share:

e-mail X FB LI M TG TS G Share


News Watch Home

Get the Facts
CONTACT DONATE PRIVACY ABOUT SEARCH
© National Wind Watch, Inc.
Use of copyrighted material adheres to Fair Use.
"Wind Watch" is a registered trademark.

 Follow:

Wind Watch on X Wind Watch on Facebook Wind Watch on Linked In

Wind Watch on Mastodon Wind Watch on Truth Social

Wind Watch on Gab Wind Watch on Bluesky