“If Germany succeeds, it could be a role model for economies all over the world.  If it fails, it will be a disaster for Germany’s politicians, society and economy.”

 

Claudia Kemfert, senior energy expert, DIW economic institute in Berlin, commenting on Germany’s plan to build offshore wind farms that will cover an area six times the size of New York City and erect power lines that could stretch from London to Baghdad. The program will cost 200 billion euros ($263 billion), about 8% of the country’s gross domestic product in 2011.