Germany’s Green Power Finance Is Becoming Unaffordable
- Green surcharge to push power costs to a record in 2021
- Subsidy regime is costing consumers, designer of scheme says
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The German program that’s spurred the nation’s switch to green power is buckling under the weight of surging costs and needs an urgent fix.
That’s the assessment of one of the scheme’s chief designers, Hans Josef Fell. Designed in 2000 to enable Germany to meet United Nations pledges on climate change, it has pushed renewable energy to make up over 50% of the nation’s energy capacity.