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The Cost of Green: Germany Tussles Over the Bill for Its Energy Revolution

May 28, 2013
(Time Magazine)

Germany is coming under increasing pressure to move forward with its ambitious plan to shut down its nuclear program within a decade and replace the lost power mainly with renewables.

On May 24, the International Energy Agency lauded Germany’s Energiewende, its plan to transition to a renewably powered economy, while expressing concern over the impact of rising energy costs on industry and consumers. Agency officials urged the government to “maintain” a stable policy environment to reduce costs from the transition and distribute them more equitably while increasing investment.