Germany was the first major economy to make a big shift in its energy mix toward low-carbon sources, but it is failing to meet its climate goals of reducing carbon dioxide emissions even after committing to spend over $580 billion by 2025 to overhaul its energy systems. The nation’s emissions miss should be a “wake-up” call for governments everywhere. Germany stepped up as a “leader on climate change” by phasing out nuclear and pioneered a system of subsidies for wind and solar that sparked a … [Read more...]