Power Play

Germany's Energy-Sapping Obsession

Oil field FOR DISTORT dpa_effect
Oil's future has become even more unpredictable.
  • Why it matters

    Why it matters

    The plummeting cost of oil can undermine the savings from Germany’s switch to renewable energy.

  • Facts

    Facts

    • Germany is heavily subsidizing the construction of solar and wind energy plants.
    • The price of crude oil has fallen by more than half over the last six months.
    • The price drop is undermining the profitability of alternative energy investments.
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  • Audio

    Audio

  • Pdf

Across Europe and in all advanced industrial countries – even in China – people are working on the reduction of carbon dioxide emissions. That is obviously a good thing. But nowhere in the world is this goal being pursued as rigorously as in Germany.

What happens when you leave the herd and head off in the wrong direction, is something that we will only begin to understand in the coming months and years.

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