Germany Boosts Clean-Energy Research by 75% to Ease Nuclear Exit

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The German government agreed to increase investment in clean-energy technology research by about 75 percent as Europe’s largest power market prepares to exit nuclear generation by 2022.

Chancellor Angela Merkel’s Cabinet will pump 3.4 billion euros ($4.9 billion) into renewables, energy efficiency, energy storage and grid-technology research in the next three years, the Environment Ministry said today in an e-mailed statement.