“German Energiewende: costs keep rising”
Germany is likely to miss several key energy transition targets - including goals on the affordability of electricity, greenhouse gas emissions and primary energy and power consumption - while costs keep rising, according to consultancy McKinsey’s bi-annual Energiewende-Index survey, seen by Clean Energy Wire. “Goals that do not receive direct financial support become ever more unrealistic,” says McKinsey. Amid the targets still on track are offshore wind expansion, the security of power supply, and employment in the renewables sector.
For background on Energiewende targets read the CLEW factsheet Germany’s greenhouse gas emissions and climate targets.