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German energy reforms could cost 1 trillion euros: minister

2013-02-20 09:23:00| Climate Ark Climate Change & Global Warming Newsfeed

Reuters: Germany's transition to renewable energy may cost up to 1 trillion euros ($1.34 trillion) in the next two decades, the environment minister said on Wednesday, piling pressure on his opponents to back plans to cap power price rises before the election. With an eye on the September vote, Peter Altmaier, one of conservative Chancellor Angela Merkel's most trusted ministers, has outlined plans to rein in subsidies for renewable power which have pushed up consumers' electricity bills. However, his...

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Category:Electronics and Electrical

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