Germany to fund new Coal plants with Climate Change cash..oh the hypocrisy

http://www.andysrant.com/2012/01/wtf-germany-to-fund-new-coal-plants-with-climate-change-cash.html

The German government wants to encourage the construction of new coal and gas power plants with millions of euros from a fund for promoting clean energy and combating climate change.

Meanwhile Germany’s exit from nuclear power could cost the country as much as 1.7 trillion euros ($2.15 trillion) by 2030, or two thirds of the country’s GDP in 2011, according to Siemens, which built all of Germany’s 17 nuclear plants.

http://www.thelocal.de/national/20110713-36277.html

The German government wants to encourage the construction of new coal and gas power plants with millions of euros from a fund for promoting clean energy and combating climate change.

The plan has come under stiff criticism, but the Ministry of Economics and Technology defended the idea. A spokeswoman said it was necessary as the government switches from nuclear to other renewable energy sources and added that the money would promote the most efficient plants possible.

Funding for the initiative is limited to five percent of the energy and climate change fund’s annual expenditure between 2013 and 2016.

Annual funding for the new plants could total more than €160 million per year between 2013 and 2014 alone, the Berliner Zeitung newspaper reported on Wednesday.

The fund was first established to encourage nuclear plant operators to develop new, renewable forms of energy production. Now that nuclear power is to be phased out by 2022, the fund will pay for research into reducing carbon dioxide emissions from buildings, developing renewable energy sources and storage technologies for them.

Opposition politicians and environmental groups said the plan was wrong because it would promote what they argued were climate-damaging plants. They also worried that money earmarked for other valuable projects could be reduced as a result.

Oliver Krischer, a member in the Bundestag of the Green party, told the Berliner Zeitung that the country would do better to encourage more investment in energy efficiency

And the environmental pressure group Friends of the Earth Germany (BUND) said additional coal-fired plants were entirely unnecessary.

The Economics Ministry spokeswoman said that in any event, that Germany’s goal to reduce greenhouse gas emissions by 40 percent by 2020, would not be damaged by the new initiative.

———-

h/t to @BULMKT..check it out..the hypocritical stench is overwhelming..to fucking funny..and twisted..

401

~ by seeker401 on April 20, 2012.

One Response to “Germany to fund new Coal plants with Climate Change cash..oh the hypocrisy”

  1. Germany is slowly but surely becoming the USA of Europe, especially if one compares the two by levels of hypocrisy and stupidity produced in the last decade….

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

 
Follow

Get every new post delivered to your Inbox.

Join 958 other followers

%d bloggers like this: