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February 27, 2013

Who pays for the greening of Germany?

Germany is discovering that virtue comes at a price.

The country, one of the most industrialised on the planet, is undertaking an energy revolution.

Under what's called the "Energiewende", the economy is being re-engineered to cope with the closing of all its nuclear power stations and the ramping up of wind and solar power to fill the gap.

At the moment, renewable sources provide about a quarter of Germany's electricity supply but the aim is to raise it to 80% by 2050 - truly a green revolution.

But who pays for this boldness?

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