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.
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