Ways to Mitigate Climate Change: Germany would shutter all its 17 nuclear power plants bet 2015-2022 in favor of Alternative Energy

Germany's Kreditanstalt fur Wiederaufbau (German Development Bank) is to underwrite renewable energy and energy efficiency investments in Germany with $137.3 billion over the next five years, Germany Trade and Invest reported. Overall, the German government's 6th Energy Research Program has made an extraordinary $274.6 billion available for joint funding initiatives in energy storage research over the next three years.

It is by any yardstick an extraordinary (and expensive) commitment that may well have the collateral benefit of unlocking similar funding worldwide for renewable energy projects.

The new Kreditanstalt fur Wiederaufbau loans and projects are designed to underwrite a broad array of energy areas, including energy efficiency and smart grids, as well as wind and solar energy generation. Last year Kreditanstalt fur Wiederaufbau financed 40 percent of all photovoltaic installations in Germany."
Germany Sets Aside 0 Billion for Renewable Energy at Oil Price: "
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