The German government is considering a move from coal to renewable energy to cut carbon dioxide emissions by 40%, to the level of 1990 year.
The need of Germany's electricity is among the highest in Europe. About 45% of electricity in Germany is still getting by burning of coal. The ultimate goal of the government — the transition to renewable energy sources: wind, solar energy and biomass. Now they provide the needs of Germany by about a quarter.
Energy bills in Germany are also some of the highest in Europe. As reported by RT, from 2000 years just to pay for environmental programs, German consumers spent €106 billion.
Skeptics believe that wind and solar will not be enough for the uninterrupted 24-hour power generation and replacing coal with natural gas means a large dependence of Germany on imported energy and rising electricity bills.
These bills will likely fall on the shoulders of private consumers, while larger companies can use privileges or simply move production overseas. So the largest producer of chemical products company BASF (BASF) has already invested more than $5 billion in assets in the United States.
When the gap in energy production and the price gap to the mass redirection of investments in the U.S., experts say.