Study Says 87% of German Power Could Be Renewable

Berlin, 5 April – The German federal environment ministry, Bundesministerium für Umwelt, Naturschutz und Reaktorsicherheit (BMU), has issued a report showing that 85-87% of Germany’s electricity requirement could come from renewable sources by 2050, with the average price of renewable energy predicted to be cheaper than gas and coal by 2030.

The study recommends a variety of measures that should be taken to close the gap between long-term goals, and existing policy measures. For example, it is suggested that introducing a rise in Germany’s eco-tax to increase energy prices, would drive investment in energy efficiency.

BMU believe that introducing the recommended measures would help to halve the annual cost of oil and gas imported into Germany, from €70bn in 2010, to €30-35bn in 2050.

Click to read the press release and study.

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