A Climate Change Wake-Up Call From Germany
This article is for subscribers only.
Want to receive this post in your inbox every day? Sign up for the Balance of Power newsletter, and follow Bloomberg Politics on Twitter and Facebook for more.
It’s sinking in that Germany’s 500 billion-euro ($580 billion) push to promote renewable energy isn't enough to meet its ambitious climate goals.
A look at key targets Germany wants to reach by 2020 by William Wilkes, Hayley Warren and Brian Parkin suggests shortfalls on all fronts, including reduction of greenhouse-gas emissions. That’s also a setback for Chancellor Angela Merkel, whose government developed a subsidy system for wind and solar farms that sparked a global boom in renewable technology.