Monday, October 22, 2012

Going Green or Going Down?

"Within a few hours after the nuclear reactor disaster in Fukushima in March 2011, she had transformed herself from a proponent into an opponent of nuclear energy. At the time, most Germans supported the chancellor. But now, more than a year later, they are losing confidence in her ability to get it right. German politician and EU Energy Commissioner Günther Oettinger says that he doubts "whether German consumers will accept rising electricity prices resulting from the energy turnaround in the long term."

The rising cost of electricity is also a burden on businesses. According to Oettinger, energy costs now represent the biggest liability for Germany as a place to do business, especially in light of the marked increase in the number of blackouts and voltage fluctuations in the grid."
http://www.spiegel.de/international/germany/energy-turnaround-in-germany-plagued-by-worrying-lack-of-progress-a-860481.html

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