The collision of nuclear power and climate change is one of the more fascinating political and public policy debates afoot. Today’s case in point: a Financial Times story about a new Deutsche Bank study:
Germany will miss its CO2 emission targets, face rising electricity prices and become “dramatically” more reliant on Russian gas if it keeps to its policy of phasing out nuclear energy, a new study warns.
The 60-page paper by Deutsche Bank will add to the pressure on Angela Merkel, chancellor, to renegotiate the phase-out deal agreed by the previous government in 2000, despite her pledge not to reopen the controversial debate.
Rising concern about global warming and energy security has sparked a lively dispute in Ms Merkel’s Christian Democrat-led grand coalition government about the wisdom of renouncing nuclear energy. Michael Glos, the conservative economics minister, has campaigned vigorously against the phase-out, triggering equally vigorous opposition from Sigmar Gabriel, the Social Democratic environment minister.