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German renewable energy support is poor value: Wynn

2013-10-15 14:55:00| Climate Ark Climate Change & Global Warming Newsfeed

Reuters: Germany's cost for upgrading its grid to bring in more wind and solar power exceeds the monetary benefits it receives from savings on fossil fuel and avoiding the damage caused by global warming. Once the net cost of a multi-billion-euro subsidy programme is thrown in, then Germany's renewable energy policy seems to be poor value for money. One caveat is that this calculation does not include some benefits that are more difficult to measure in monetary terms, such as energy security and avoiding...

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