The Latte Fallacy German Switch to Renewables Likely to Be Expensive

Chancellor Angela Merkel's government insists that electricity bills will only grow modestly as a result of the nuclear energy phase-out. Experts, however, disagree, with many pointing to Berlin's massive subsidies for solar power as the culprit.
Germany's rapid phase-out of nuclear energy may be more expensive than first thought.

Germany's rapid phase-out of nuclear energy may be more expensive than first thought.

Foto: Ingo Wagner/ dpa
Translated from the German by Christopher Sultan