Merkel's Nuclear Revolution
David Gordon Smith, Spiegel | May 30, 2011
Germany announced a brand new energy strategy, a reversal of the government’s previous policy. ++ According to the new energy plan, nuclear power will be phased out by 2022 at the latest. ++ Despite an expected "massive increase in the use of renewable energy", critics are concerned about blackouts which might lead to unfavorable economic consequences. ++ Whereas German media differ on Angela Merkel’s nuclear U-turn, the historic significance of the new energy policy is beyond any doubts.
Wed, Jun 22nd 2011, 19:29
Fernando Fernandez , NYU, (1)
The problem now is that Germany will need to find alternatives to cover for the loss of this domestically-produced energy. I am certain that although the country has a very impressive development of renewable energy projects, it won't be able to replace all that power and will most likely have to look for Russia's natural gas.
Thus, this seems to me like the perfect incentive to finally realize the Nabucco Pipeline Project and the so desired diversification of energy supply in Europe.