Germany will miss its CO2 emission targets, face rising electricity prices and become "dramatically" more reliant on Russian gas if it keeps to its policy of phasing out nuclear energy, a new study warns.
The 60-page paper by Deutsche Bank will add to the pressure on Angela Merkel, chancellor, to renegotiate the phase-out deal agreed by the previous government in 2000, despite her pledge not to reopen the controversial debate.
Rising concern about global warming and energy security has sparked a lively dispute in Ms Merkel's Christian Democrat-led grand coalition government about the wisdom of renouncing nuclear energy...
..."Shutting down nuclear is inconceivable as a serious policy," said Mark Lewis, energy analyst and author of the report. "It will mean missing your carbon emission targets and lead to gas-powered plants replacing today's nuclear plants."
The environment ministry said Germany's goal of cutting CO2 emissions by 40 per cent of their 1990 level by 2020 "can be achieved without nuclear energy. But of course, nobody ever said it would be easy".
The SPD has yet to show any willingness to renegotiate the nuclear exit deal. Rainer Wend, a Social Democratic MP and member of parliament's economics committee, said: "If we must import more Russian gas, then so be it. Russia is a reliable supplier..."
Higher prices, more greenhouse gases, and more dependence on the goodwill of Russia? Really?
D'oh...
http://www.ft.com/cms/s/f375d784-aa85-11db-83b0-0000779e2340.htmlGerhard Schroeder, Chancellor of Germany during the announcement of nuclear phase out, now serves on the board of directors of the Russian gas company Gazprom, with good reason too, since he has made the world safe for fossil fuels.
This may come as news to both Mr. Schroeder his idiot former environmental minister Juergen Tritten of the so called "Green" party, and the rest of Germany, but natural gas is a dangerous and filthy fuel that is environmentally unacceptable owing to climate change.
The German nuclear phase out was announced with all sorts of singing about the wonders of renewable energy in 2000 all of which was nonsensical because not one of the renewable options hyped produces continuous energy. Since that time, the amount of renewable energy produced in Germany has more than doubled, but German carbon emissions have nevertheless continued to rise, and as of 2004 were 20 million tons higher than they were in 2000. Germany has only closed two small nuclear reactors and is on a coal plant building binge. If they closed their nuclear plants immediately as the fool Tritten wanted, they would now be releasing hundreds of millions of tons of carbon dioxide that they were not releasing earlier.
Let's be clear. Nuclear phase outs are paens to ignorance, appeals for disaster.