Germany steps up adoption of renewable energy systems

07 Jul 2010
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Brandenburg Gate

Investment in renewable energy systems in Germany is to be stepped up over the next few years.

VKU, a body that represents local utility companies, confirmed that more than €12 billion will be invested in a number of clean energy projects across the country, Bloomberg reports.

Norbert Roettgen, Germany's environment minister, commented: "Municipal power plants are an important component of the transformation to just about 100 per cent renewable energy by 2050."

He said that by this time, energy will not be the "oligopoly" it is today, as power generation will become more competitive and decentralised.

Stephan Weil, president of VKU, added that investment in the planned renewable energy projects would take place in the short and medium-term.

This comes after German chancellor Angela Merkel was quoted by the Gulf Times as saying that the international community must work together to tackle climate change.

Germany has already pledged to reduce its carbon emissions by 40 per cent by 2020.

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