Germany's top economic adviser has called for a radical rethink of the country's energy policies, warning that the green dream is going badly wrong as costs spiral out of control. "We need a drastic policy shift," said Christoph Schmidt, chairman of Germany's Council of Economic Experts. "They haven't paid any attention to costs. These are now huge." The government has vowed to break dependence on fossil fuels and source 50% of all electricity from wind, solar and other renewables by 2030, and 80% by mid-century. But cost estimates have reached €1trn (£840bn) over the next 25 years, The Daily Telegraph says.
Give a more longer term perspective of Economic trends and the Macroeconomic and Monetary Interdependence of the Global Economy. With the Background of this approach the blog will deal with the implications for Investment decisions. The author believes that China and the Asia Pacific Region are and will be the powerhouse for the global economic growth for years to come. It will also cover IT because of its momentum driver for economic growth.
Popular Posts
-
Nominal GDP Year Country/Region ...
-
The WSJ reports,"the hedge-fund industry exceeded the $3 trillion barrier in May for the first time ever, according to one research f...
-
The Wall Street Journal reports, "Federal Reserve Bank of Dallas President Richard Fisher reiterated his support Fri...
-
Asian stock markets lost their grip on earlier gains as the yen strengthened on growing expectations that the Federal Reserve will maintain...
-
The Wall Street Journal reports,"for years after the financial crisis, European banks resisted selling their corporate loans for ...
-
In the latest step in snail-paced negotiations to form a 'grand coalition' government in Germany, the Social Democrats (SPD) have s...
-
Every day with its agony - today's is certainly hearing engineering firms and making the necessary adjustments to unlock the package o...
-
China's crude oil output reached 155.19 million tonnes in the first three quarters, a year-on-year increase of 2.3 percent, according ...
-
From the WSJ article, excerpts. “Housing can remain affordable by historical standards even if interest rates rise,” wrote Goldman Sach...