Government Fears Energy Price Rises May Cost It Next Elections

Germany’s Green Energy Switch ‘About To Collapse’

By Guest Column Dr. Benny Peiser—— Bio and Archives--January 31, 2013

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

Germany’s switch to renewable energy is bound to fail with consumer prices at a 15-year high while wholesale prices are languishing, the chief executive of Austrian energy group Verbund said. Germany’s market, due to its retreat from nuclear power after Japan’s 2011 Fukushima disaster, was ‘about to collapse’, Wolfgang Anzengruber said, citing a lack of necessary investment that is compounding a broken pricing model. --Reuters, 30 January 2013

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