25 Sep '11, 5am

Energy - Sept 25: Filed under: Energy News

Any plan that aggressively supports expansion in the renewable sector and replaces decommissioned coal-fired plants with natural gas power stations will be expensive. Total investment over the next decade for such an energy turnaround is estimated to be roughly €200 billion (or almost $290 billion). There is good news connected to that estimate, however. The investment can come mostly from private sources, with only a partial subsidy by government. And the German Institute of Economic Research calculates that electricity prices will rise only slightly as a result of the energy turnaround, giving existing businesses little incentive to move production outside the country and potentially creating hundreds of thousands of jobs in the German renewable-energy and sustainability sectors.

Full article: http://energybulletin.net/stories/2011-09-25/energy-sept-25

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