“Despite the massive expansion of renewable energies, achieving the key objectives of the energy revolution in Germany by 2020 is no longer realistic” says the report.
Justin Huggler — The Telegraph — September 2, 2014
Germany’s flagship green energy policy is in tatters, according to a new report by the consultancy firm McKinsey which says many of its goals are “no longer realistic”.
Angela Merkel was hailed as the ‘Klimakanzlerin’, or ‘Climate Chancellor’ in 2010 when her government placed Germany at the forefront of the battle against climate change and announced ambitious plans to move to renewable energy sources.
But the McKinsey report says Germany is so far behind its key commitment to cut CO2 emissions that it is no longer realistically achievable.
Mrs Merkel’s government has committed to cut CO2 emissions by 40 per cent by 2020 compared to 1990 levels. To achieve that, McKinsey argues, Germany would have to cut emissions by an average of 3.5 per cent a year.
But so far, they have only fallen at an average of 0.7 per cent a year, leaving Germany so far behind it would have to increase emissions cuts by a factor of five to reach its target on time. Continue reading here…..