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McKinsey Study Predicts Decrease of Greenhouse Gas Emissions by 31% by 2020 and Increase of Costs for Energy Shift of 60%

Until 2020 greenhouse gas emissions in Germany will fall by 31% below the level of 1990, a new McKinsey study predicts. Simultaneously the costs for the energy shift towards more renewable energy for companies and private households will rise by 60% from currently EUR 13.5 billion to EUR 21.5 billion, and the security of the electricity supply will decrease, McKinsey says.

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