European Fracking Bans Open Market for U.S. Gas Exports

Green Energy Transition: Germany Fears De-Industrialisation

By Guest Column Dr. Benny Peiser—— Bio and Archives--May 24, 2012

Global Warming-Energy-Environment | Comments | Back To Full Article

As a result of Germany's green energy transition, electricity prices are exploding. Consumers and businesses are paying the price while Germany faces gradual de-industrialisation. Economists estimate that the cost of the green energy transition will total 170 billion Euros by 2020. This is more than double of what Germany would have to write off if Greece were to withdraw from the monetary union. "The de-industrialization has already begun," the EU Energy Commissioner Guenther Oettinger has warned. --Handelsblatt, 23 May 2012

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