• Germany's news in English

Nuclear shutdown slowing economy

The Local · 20 Aug 2011, 12:02

Published: 20 Aug 2011 12:02 GMT+02:00

Facebook Twitter Google+ reddit

One of the institute's top economists Kai Carstensen told the Bild newspaper that the economy would have grown by an estimated 0.2 percent more than it did, had the government not decided to shut down seven nuclear reactors earlier in the year.

Germany's Gross Domestic Product grew by only 0.1 percent between April and June compared to the first quarter of the year.

"The mini-growth is not stagnation, but caused by turning off the nuclear power stations," he said.

The German government declared a three-month moratorium on nuclear power following the disaster in Fukushima, Japan, where a nuclear power station suffered a massive radiation leakage following an earthquake and tsunami. The decision led to a 50-percent reduction in energy output in Germany.

The government subsequently decided to close seven nuclear reactors permanently, and the rest by 2022.

Story continues below…

DAPD/The Local/bk

The Local (news@thelocal.de)

Facebook Twitter Google+ reddit

Your comments about this article

15:09 August 20, 2011 by Khalidhameed
I dont know how much cost Germany has to pay for this move. They will definately run short of power in Winter n they will rely on Austria. I am afraid this shortage will last atleast 2, 3 years until the renewable energy fills the gap
19:21 August 20, 2011 by neunElf
DReam on about renewable "filling the gap"!

The huge price of this renewable fantasy will be the catalyst for further, structural changes and reduced industrial production in Germany.
19:49 August 20, 2011 by Khalidhameed
Renewable energies are not so expensive in comparison to the natural gas that always have to be imported from Russia. Pushing the nuclear will increased emission due to coal n natural gas emissions.

Green economy will not halt industrial production but will encourage solar and wind industry to invest more in this field
06:20 August 21, 2011 by rwk
This is only the beginning of the great German economic crash to come, as electricity becomes even more insanely expensive than it already is. I only hope that countries such as the Czech Republic, Lithuania, and France can sell enough power so that Germans don't freeze when the Russians turn off the gas spigot. Germany ought to put its existing nuclear power plants back on-line, and fund research into new nuclear power plant technology, specifically molten-salt reactors.
14:09 August 21, 2011 by frankiep
In the 1940s Germany was ruined because the people, in 1933, decided to follow a political party which preyed on people's fears. In the next decade Germany will be economically defeated because the people, in 2011, decided to follow yet another political party which preys on people's fears. Hopefully the country will come to its senses before it finds itself in a position of economic slavery.
18:31 August 21, 2011 by storymann
Given the threat of global warming and dependence on foreign oil, the proper course is to update and improve nuclear design and safety, not abandon a clean energy source.

Politics drove Chancellor Merkel to this unwise policy reversal. She has ardently supported nuclear power, which generates 23 percent of Germany¦#39;s electricity. Earlier, she had decided to extend the life of Germany¦#39;s atomic plants until 2036.

Green energy is the way to go if you can afford it as the only way to lessen the use is to raise the price.

Wind energy is a good source but fluctuates depending on wind speed. There are problems with bird migrations as well. Solar is also not a constant producer.

Technology in both areas is advancing and could in the future be a major source.

Reverting back to fossil fuels to meet demand will cause another set of problems.

I think a through impact study to asses the effects on the economy both commercial and domestic and a realistic time frame as to when green energy would be in place to meet the increasing demand of an industrial economy would be more prudent than a rash political decision for votes. .
21:51 August 21, 2011 by JDee
Looking at energy issues on a global basis, we'd apparently need to open a new nuclear power station every day for the next 10 years to replace the energy we get from oil and gas. But already at the current planned expansion of nuclear power, globally, there are predictions of hitting 'Peak Uranium' in 25 years. i.e. then the price of the fuel will also rocket due to scarcity and nulcear power stations will be abandoned. Remember the uranium has to be mined and this in itself requires large inputs of fossil fuel energy. Some nations need to be be brave and visionary and make the paradigm shift to a truely sustainable future. It might seem dumb to close nuclear power stations now, but only if you're thinking is stuck with the old dogmas. There is good news coming out all the time ( in regards to the possibilties of sustainables ) and i see Germany well positioned to set an example for the rest of the world.
08:35 August 22, 2011 by Traveler33
The problem with renewable enegery is it cannot produce the same amount of power that Germany is getting from it's nuke plants. So instead of having a clean energy in nuclear because last I checked, Germany didn't have earthquakes or Tsounami's, Germany will go back to using Coal plants and start churning out the CO2 again. It has been said that Germany will increase it's output of CO2 and Greenhouse gases by over 20% once its nuke plants are shut down.

So unless Germany wants to slow down its economy to reduce power, it will only need more power going into the future which means more coal powered plants.
10:25 August 22, 2011 by dbert4
German is and will make green power work AND make money and grow the economy while doing it. The only advantage to nuclear power is that it makes money for E-ON, if that is an advantage.
18:32 August 22, 2011 by Blorggg
Those green jobs worked so well in Spain. They lost 2.2 jobs for every green job: http://www.juandemariana.org/pdf/090327-employment-public-aid-renewable.pdf

And now Spanish unemployment is above 20%
Today's headlines
Munich to get 'nice toilets' to serve cross-legged locals
Photo: DPA

The Bavarian capital has a pee problem - the city only has one public toilet for every 13,000 inhabitants. But a new plan could rescue desperate locals, the Süddeutsche Zeitung reports.

German kids get glowing report for their English skills
Photo: DPA.

As if multilingual Germans don't already put many English-speakers to shame, now the younger generation is improving their English skills even more.

Berlin museum controversially recreates Hitler bunker
The reconstruction of the Hitler bunker. Photo: DPA

Sensationalized or compelling history? Berlin museums clash over new Nazi bunker exhibit

Germans think they're fit, but they're really couch potatoes
Photo: DPA.

There's been an increase in the number of Germans who define themselves as "fit", but their lifestyle choices don't quite match this self-perception.

10 fascinating facts you never knew about German beer
Tennis coach Boris Becker and his wife Lilly at Oktoberfest 2016 in Munich. Photo: DPA

From malt and monks to Radlers and rivalries, the story of German beer is as rich and wonderful as its selection.

Intensive farming 'endangers a third of German species'
Photo: DPA

There are 32,000 species of animal, plant and mushroom life native to Germany. Due to intensive farming methods, one in every three of these is endangered, a new report shows.

German hospital uses therapy to 'treat' paedophiles
A poster from the campaigne "Don't offend", which offers therapy to paedophiles. The sign reads "Do you love kids more than you'd prefer? There's help." Photo: DB Scholz & Friends / DPA.

A unique German initiative is offering therapy to paedophiles to control their urges, with the aim of getting them help before they offend.

Minister: 'no tolerance' for clowns after chainsaw attack
Photo: DPA

Interior Minister Thomas de Maizière has called for a zero-tolerance approach to 'killer clowns' after a series of attacks culminating in two teenagers being chased by a clown wielding a chainsaw.

Baby who was auctioned on eBay taken away from father
Photo: DPA.

A German court ruled on Thursday that a man who put his one-month-old baby up for sale on the online auction platform eBay should only be allowed contact with the child under supervision.

Portugal's ruling party calls German minister 'pyromaniac'
Finance Minister Wolfgang Schäuble. Photo: DPA.

The head of Portugal's ruling Socialists called German Finance Minister Wolfgang Schäuble a "pyromaniac" on Thursday after he criticized Lisbon for reversing course on austerity.

10 German clichés that foreigners get very wrong
Sponsored Article
Last chance to vote absentee in the US elections
10 ways German completely messes up your English
Germany's 10 most weird and wonderful landmarks
10 things you never knew about socialist East Germany
How Germans fell in love with America's favourite squash
How I ditched London for Berlin and became a published author
12 clever German idioms that'll make you sound like a pro
23 fascinating facts you never knew about Berlin
9 unmissable events to check out in Germany this October
10 things you never knew about German reunification
10 things you're sure to notice after an Oktoberfest visit
Germany's 10 most Instagram-able places
15 pics that prove Germany is absolutely enchanting in autumn
10 German films you have to watch before you die
6 things about Munich that’ll stay with you forever
10 pieces of German slang you'll never learn in class
Ouch! Naked swimmer hospitalized after angler hooks his penis
Six reasons why Berlin is now known as 'the failed city'
15 tell-tale signs you’ll never quite master German
7 American habits that make Germans very, very uncomfortable
Story of a fugitive cow who outwitted police for weeks before capture
jobs available
Toytown Germany
Germany's English-speaking crowd