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Germany’s energy transition could save €570bn by 2050 via Energy Line News

Germany could save around €570 billion (£460.2 billion) by 2050 if it sticks to its plans of replacing nuclear with renewable sources.

That’s according to researchers at the Renewable Energy Research Association, whose claim follows the nation’s plan to shut all its nuclear reactors within the next decade in the wake of Japan’s Fukushima disaster last year.

Investments in renewable energy in Germany in 2011 amounted to around €23 billion (£18.6 billion) which created 380,000 jobs. The researchers said: “The investments made now, at the beginning, will pay off within a foreseeable time frame and have a positive economic impact.”

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