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The Low Carbon Economy Ltd

09 Jun 2011 10:06:09

German cabinet supports nuclear phase out

German cabinet supports nuclear phase out
Members of the German cabinet have backed chancellor Angela Merkel's plans to phase out nuclear power in the country by 2022.

Last month, chancellor Merkel announced a reversal of her policy on nuclear power, which provides around a quarter of Germany's electricity, in response to the crisis at the Fukushima nuclear power plant in Japan.

The cabinet has now voiced its approvals of these plans and questions are being raised as to how the country will make up the short fall.

Chancellor Merkel also reiterated Germany's commitment to doubling the share of renewables in the energy mix to 35 percent by 2020.

Such changes will require alterations to plans to expand the transmission network and the subsidies available for renewable energy technologies. In the short term, however, it is expected much of the extra capacity will be met through gas.

Speaking to the Financial Times, Mark Lewis, managing director of commodities research at Deutsche Bank, said: "No advanced industrial country in the world has decided to generate so much electricity from renewables and, remember, Germany is still the world’s largest industrial exporter." ADNFCR-1235-ID-800572777-ADNFCR

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