| Click for the Finfacts Ireland Portal Homepage |

Finfacts Business News Centre

Home 
 
 News
 Irish
 Irish Economy
 EU Economy
 US Economy
 UK Economy
 Global Economy
 International
 Property
 Innovation
 
 Analysis/Comment
 
 Asia Economy

RSS FEED


How to use our RSS feed

Follow Finfacts on Twitter

 
Web Finfacts

See Search Box lower down this column for searches of Finfacts news pages. Where there may be the odd special character missing from an older page, it's a problem that developed when Interactive Tools upgraded to a new content management system.

Welcome

Finfacts is Ireland's leading business information site and you are in its business news section.

Links

Finfacts Homepage

Irish Share Prices

Euribor Daily Rates

Irish Economy

Global Income Per Capita

Global Cost of Living

Irish Tax - Income/Corporate

Global News

Bloomberg News

CNN Money

Cnet Tech News

Newspapers

Irish Independent

Irish Times

Irish Examiner

New York Times

Financial Times

Technology News

 

Feedback

 

Content Management by interactivetools.com.

News : Innovation Last Updated: Apr 27, 2011 - 5:24 AM


Climate-policy goals of German government no longer attainable after decision to phase out nuclear power
By Michael Hennigan, Founder and Editor of Finfacts
Apr 26, 2011 - 5:41 AM

Email this article
 Printer friendly page

The climate-policy goals of the German government are no longer attainable after the decision last month to phase out nuclear power plants, according to Prof. Hans-Werner Sinn, president of the Ifo Institute for Economic research at the University of Munich.

We wrote last week that fresh from a victory in forcing the German government to abandon its nuclear policy, NIMBYs (people afflicted with the Not In My Back Yard syndrome) are bracing to battle against the massive new power lines and wind turbines that are being built across the country as part of the green energy program.

Dealing with objections to the inconveniences of green energy is one big challenge and according to Prof. Sinn electrical power from the sun and wind can indeed replace the electricity that comes from nuclear power plants in Germany - -  on paper at least - - since atomic energy only provides 4.6% of Germany’s final electricity supply, whereas electricity from wind and solar power amounts to 1.8%. He says the phase-out option is indeed in the realm of possibility, if one disregards the irregularity of the supply but the original hope that nuclear power would displace fossil fuels in order to curb global warming cannot be fulfilled with wind and solar power. Energy from fossil sources accounts for 84.7% of German final energy consumption.

Prof. Sinn says replacing nuclear electricity will be hard enough; replacing the electricity generated by fossil fuels on top of that is well nigh impossible. If the electricity supply in Germany, which amounts to 20.3% of final energy consumption, were to come from wind power, using present technology, a surface area the size of North-Rhine Westphalia would be needed, with turbines packed as closely together as technically feasible.

He says it is downright utopian to think that considerable portions of transportation, which consumes 26.1% of final energy, could also be driven by electrical motors fed with energy from the wind and sun. Should Germany yield to French pressure to increasingly electrify European transportation, the German strategy based on wind and solar power would not stand a chance against French nuclear power.

With bioenergy, which accounts for a good two-thirds of renewable energy, the energy calculation is more favourable. Here, however, there is the basic problem of competing with food crops. If bioenergy is restricted to biowaste, its potential would be correspondingly limited.

Since Germany is in the process of relinquishing the nuclear option for a gradual substitution of fossil energy sources, it will not be able to prevent persistently high CO2 emissions. The climate-policy goals of Chancellor Merkel will not be attainable.

Prof. Sinn says Germany can hope that its continued reliance on fossil energy sources will force the other European countries, via increasing prices in the European emissions trading system, to achieve the planned reductions in CO2 emissions themselves. But Germany cannot prevent other countries from attaining these savings by way of a further expansion of atomic energy.

Related Articles


© Copyright 2011 by Finfacts.com

Top of Page

Innovation
Latest Headlines
Cost of launching successful drug at average of $5.8bn for 12 big pharma companies in period 1997-2011
Apple's share price rises above $500 from $12 a decade ago; Audits of worker conditions at plants in China authorised
The Swedish Paradox, innovation, entrepreneurship and outcomes
Improving competitiveness/ innovation in Eurozone's struggling peripheral countries
Facebook files for an IPO; Claims 845m users
Innovation/ Nanotechnology: Use of asbestos-like nanomaterials set to explode
Finland's Nokia reports big loss in 2011
Apple, the iEconomy, globalization and manufacturing outside the United States
Apple reports quarterly profit of $13.1bn - - one of the biggest in US corporate history
Google fourth-quarter earnings disappoint
Three of the biggest names in US tech sector - - Intel, Microsoft an IBM - - grew more slowly in the latest quarter
US, Germany, Japan, China are leaders in business innovation; Germany excels at adding new ideas to products
US multinationals' R&D hiring jumps in Asia; US lost more than quarter of high tech manufacturing jobs since 2000
Danish wind energy giant Vestas sheds 2,335 jobs in response to Chinese competition/ slump in demand
How serious is China's challenge to America's technology lead? Chinese to land on the moon, Americans on an asteroid
Landing a job at Google and employee screening in the age of high unemployment
Finland excels with no private schools/ less study time; Korea's rote system brings results/ deaths
Asia's R&D investment to surpass the Americas in 2012
Entrepreneurs, startups and job creation in the advanced economies
Report says no consensus among pharmaceutical companies on future strategy
US cloud services provider Appirio to acquire Irish tech firm Saaspoint
Le Web in Paris comes with much hype but the European high tech startup scene has improved
More than half academic medical research suspect; Unable to reproduce findings in industry settings
IBM agrees to buy Dublin-based Cúram Software to enhance its Smarter Cities project
High Growth Firms: Growth ambitions are critical for an economy but most firms do not wish to grow - - Part 2
High Growth Firms: Typical founder is middle age and from the workforce - not college/ university - - Part 1
US fraud and kickback fines have cost top drug companies $20bn since 2006
Innovation: US companies lead world; France and Sweden are European leaders; No companies from China and India
Are entrepreneurs more important than innovators?
Jobs at US startups plunge; Less than 20% of high-tech startups in 2000 survived to 2009; Innovation in China
Hewlett-Packard posts 91% plunge in fourth-quarter profits
An entrepreneurial "epiphany" and the profits from tweaking an old business model
Consumers to save billions as some of world's biggest selling drugs set to go generic over the next two years
Entrepreneurs, fund raising and preserving equity in turbulent times
IPO numbers plunge over past decade; Drop in profitability of young firms
Pharmaceutical giants cutting research budgets; Biotech is an industry with few winners
Innovation, patent quality and the business of patent trolls
The shale gas revolution -- a special report
United States has a poor record of creating business startups
Ireland and the aspiration of 'world class' universities; South Korea says it has too many university graduates