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International climate activist Al Gore says Germany must further push its domestic energy markets to embrace green energy or risk getting “left behind,” Politico reports.
Within the last decade, Germany has pursued an aggressive strategy to transition its energy grid away from fossil fuels and toward renewable sources such as solar and wind. German politicians have used subsidies to encourage new investment and regulations to cut down on emissions, Fortune Magazine reports.
Germany - Model - Rest - World - Hold
“Germany was a model for the rest of the world and a narrative took hold here in Germany that might be summarized as ‘Germany leads and everyone follows,’” former Vice President Gore told Politco in an interview. “But that narrative is now out of date.”
“For us it’s a very good business, but for the German people it’s very bad,” German farmer and entrepreneur Dieter Dürrmeier told Fortune for a March 2017 article. Dürrmeier is enrolled in a government program that pays his family about $42,000 annually to produce solar energy from panels attached to the roof of his barns and house.
Policy - Gas - Energy - Plants - Markets
The aggressive national policy is pricing natural gas and nuclear energy plants out of markets. Plants are shuttering in towns where energy production is a major segment of the economy, Fortune reports.
German politicians are also phasing out nuclear energy because of fears of...
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