Updated Jan. 5, 2024 8:20 am ET
Germans stopped counting long ago, but the rest of the world still might be interested in what Europe’s largest economy is paying to accomplish its transition to net-zero carbon emissions. The short answer: There’s a reason Germans prefer not to know.
Consider the construction of new green electricity generation capacity, which is a small part of the net-zero transition. The latest estimate, from the Institute of Energy Economics at the University of Cologne, is that Germany faces a €60 billion ($65.5 billion) financing gap up to 2030 to build sufficient power generation.
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