Germany Spent 37 Billion Euros Subsidizing Alternative Energy In 2010
A new study released today by Climate Policy Initiative (CPI) is the first comprehensive overview of how German businesses and households financed their renewable energy and energy efficiency efforts.
The Climate Policy Initiative (CPI) is an advocacy organization for alternative energy financed by billionaire hedge-fund manager George Soros.
The cost for Germany in the report: 37 billion euros, 1.5% of their GDP in 2010. German companies are running from alternative energy now so the German government is scrambling to call prior subsidies an investment. Therefore, they say…