German Bank to Invest €100 billion in Renewable Energy Over Next 5 Years

Why? Isn’t Germany in enough trouble already?

Germany’s government run, national infrastructure bank KfW Bankengruppe has just announced that it will increase its investment in renewable energy and energy efficiency projects to €100 billion over the next five years.

It already expects to report an environment quota of 36 percent in 2012, up from 32 percent last years; but this figure will increase by a lot more as the new capital is invested in projects.

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2 Responses to German Bank to Invest €100 billion in Renewable Energy Over Next 5 Years

  1. Someone should explain them the laws of conservation of energy.

  2. The Germans are worse than loony on this subject. They are self-destructive. Hard to see how they can continue to be an industrial powerhouse without, …. well, …. er…. power.

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