$137 Billion in 5 Years for German Clean Energyposted by Jake Richardson
Oct 24, 2011 7:07 am
Germany has seized upon renewable energy development as a way of retreating from power sources such a nuclear and coal. Their strategy is not only better for the environment, it is good economics as it is making them more energy independent and is creating jobs for German workers.
“With the decision to abandon nuclear power earlier this year, it was clear that the road ahead would be challenging. But Germany is in a very promising position to be the first industrialized country to rely entirely on renewable energy”, said Tobias Homann an energy expert. (Source: Scandoil.com)
So where are the billions coming from for all these renewable energy projects? The German Development Bank (Kreditanstalt fur Wiederaufbau) is funding not just a handful of clean energy projects, but a nationwide approach to changing a fundamental aspect of their society. Germany is now a world leader, or the leader in renewable energy around the world, due in no small part to the role played by its federal government. There are problems of course; it would be very unrealistic to believe such a large-scale shift would happen without any challenges or struggle, but how often can a whole nation mobilize, cooperate and become effective in making positive changes with benefits for both the short-term and long-term? Sadly, war is often the example of such society-wide cooperation, both socially and technologically.
The American invasion and occupation of Iraq has been estimated to cost one to three trillion dollars in both direct and indirect expenditures, by the time the whole situation has been finalized. This war was unnecessary, cost many lives and caused even more injuries. Another disadvantage was the opportunity cost of not investing heavily in renewable energy like German has and continues to do. The United States imports tremendous quantities of oil, yet has a very large potential for both wind and solar electricity generation.
Of all nations, it stands to benefit greatly...
http://www.care2.com/greenliving/137-billion-in-5-years-for-german-clean-energy.html