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Altmaier Says German Energy Transition Could Cost $1.34trn

February 25, 2013

By Paul Homewood


Peter Altmaier


Germany’s Environment Minister Peter Altmaier has told the Frankfurter Allgemeine Zeitung newspaper that the country’s energy transition, or energiewende, could cost around $1.34 trillion over the next 20 years.

"The costs of our energy reform and restructuring of energy provision could amount to around EUR1 trillion by the end of the 2030s," Altmaier told the newspaper.



And so the lunacy continues.

  1. July 21, 2013 5:32 am

    The response of any/every sane German should be, “Danke schon, aber Nein, danke schon.”

  2. July 21, 2013 5:34 am

    I don’t suppose he appended a cost-benefit analysis, or even wild-ass guesstimate thereof?

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