ML-Implode News - Romantic Germany risks economic decline as green dream spoil

Chancellor Angela Merkel tied a deadweight around the ankles of her country when she suddenly - and flippantly - abandoned her nuclear policy after Japan's Fukushima disaster in 2011. "This has forever changed the way we define risk," she said at the time. "It's over."
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Utilities are turning to coal - and cheap lignite, emitting 30pc more CO2 - to plug the gap. Germany's greenhouse emissions rose 1.6pc last year. In the US they fell to a 20-year low thanks to the switch from coal to shale gas. Sudden surges of power - the intermittency effect - are overloading the grid and crippling utilities E.ON and RWE. The pair have threatened to shut down 21,000MW of power plants.

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Romantic Germany risks economic decline as green dream spoil