Took them only couple of 100’s of billions euros but common sense starts to creep in.
GERMANY TO ABANDON STRICT ‘2020’ CLIMATE CHANGE TARGETS
Germany’s Vice Chancellor, Sigmar Gabriel, has indicated that the country will abandon its commitment to reducing CO2 emissions by 40 percent by 2020, from a 1990 base level. In doing so he has won the ongoing clash with his own environmental minister Barbara Hendricks over energy policy, telling her that he will tolerate no further resistance to the change of direction, according to Der Speigel.
The target has been in doubt for some time, not least because Gabriel, a former environment minister himself and current minister for economic affairs and energy, is known to be supportive of the coal industry. According to the Environment Ministry, Germany would have to find a way of cutting emissions by between 62 and 100 million tonnes of CO2 every year for the next sixteen years in order to reach the target. Shutting down coal power stations would only contribute 40 million tonnes to that target.
“It’s clear that the [2020 CO2] target is no longer viable,” Gabriel said, adding: “We cannot exit from coal power overnight.” Earlier this year Gabriel told Spiegel: “It is an illusion to believe that Germany could simultaneously move away from both nuclear and coal energy”.