- Aug 25, 2021 9:12 pm GMT
"As Europe's biggest economy shuts its last nuclear reactor next year and utility RWE AG warns that coal plants may close earlier than planned, critics say green energy isn't being added quickly enough. Germany's ability to meet peak demand is poised to shrink rapidly over the next two years, increasing the risk of blackouts.
In a last push to save her fading reputation as 'The Climate Chancellor' before stepping down after next month's election, Angela Merkel announced Europe's strictest emissions goals. But the green power revolution she fronted for almost two decades is running out of steam just as the electrification of the economy will increase demand.
'There is no doubt that security of supply must be high on the priority list of the next government and political action is urgent,' said Alexander Nolden, chief economist at RWE. 'The new climate law is a real game changer for Germany. It means a much higher ambition and will demand much higher speed for the changes needed.'"
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