Monday, August 21st, 2017

Ballooning costs threaten Merkel’s bold energy overhaul

File photo of German Economy Roesler posing for media in front of windmills north-west of the German island of BorkumBy Madeline Chambers and Vera Eckert BERLIN/FRANKFURT (Reuters) – Angela Merkel's "green revolution" risks becoming a victim of its own success. Seduced by generous subsidies, Germans are embracing the ambitious project with such fervor – installing solar panels on church roofs and converting sewage into heat – that instead of benefiting from a rise in green energy, they are straining under the subsidies' cost and from surcharges. Merkel's ambitious experiment to wean Europe's biggest economy off nuclear and fossil fuels is being closely watched around the world. …


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