Economic

Ballooning costs threaten Merkel’s bold energy overhaul

“Angela Merkel’s ‘green revolution’ risks becoming a victim of its own success. Seduced by generous subsidies, Germans are embracing the ambitious project with such fervor – installing solar panels on church roofs and converting sewage into heat – that instead of benefiting from a rise in green energy, they are straining under the subsidies’ cost and from surcharges.”

Source: Ballooning costs threaten Merkel’s bold energy overhaul | Reuters

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