Germany is the centre for alternative energy.
About half of all the wind turbines in the world, and a third of all solar PV cells are manufactured in Germany. Since 2000 solar technology has gone from a 450 million euro-per-year business to a 4.9 billion euro money machine in Germany.
The Germans still have their energy politics however. The automotive industry (DaimlerBenz and BMW) in Germany and the energy-intensive coal sector are both vocal in their opposition to thie German Government’s increased renewable energy and carbon limit legislation.
The law passed in the Bundesrat (Germany’s upper house of parliament) on July 4th puts the renewable energy target for total generation up to 30% by 2020. That is up from their current 14%, and far beyond the “20% by 2020″ plans we hear about.s.
Germany’s carbon cuts are also ahead of the pack, with a 40% reduction from 1990 levels targeted by 2020. The broader European Union target is 20% reduction.
Source: www.greenchipstocks.com
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