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Strategies & Market Trends : Commodities - The Coming Bull Market

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To: craig crawford who wrote (269)	6/15/2001 9:44:02 PM
From: craig crawford	Read Replies (1) of 1643

Abandoning nuclear power, Germany turns to wind chieftain.com On Monday, Chancellor Gerhard Schroeder and leading energy companies formally signed an agreement to shut down Germany’s 19 nuclear power plants, making it the largest industrial nation to willingly forgo the technology. The pact limits nuclear plants, which provide nearly a third of Germany’s electricity, to an average 32 years of operation. That would likely see the most modern plants close around 2021. The Environment Ministry plans to build about 40 wind generators offshore in a small-scale pilot project before 2004. Sven Teske, a spokesman for the environmental group Greenpeace, criticized the government for not moving ahead faster. Wind power last year accounted for 2 percent of Germany’s electricity production, or 10 billion kilowatt hours. Baake and Trittin want to see that figure rise to 110 billion kilowatt hours over the next three decades.

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