In response to the Fukushima meltdown - which did $50 billion in damage to Japan’s economy - Germany aims to close all its reactors by 2022.
Germany, the world’s most aggressive adopter of renewable energy, is taking a bold leap toward a future free from nuclear energy. In March, the German government announced a program to invest 200 billion euros, or approximately $270 billion, in renewables. That’s 8 percent of the country’s GDP, according to the DIW Economic Institute in Berlin.
Last year, in response to the disaster at the Fukushima Daiichi Nuclear Power Plant, Chancellor Angela Merkel announced a plan to close down all 17 of Germany’s nuclear reactors and replace them with renewable energy, mostly solar and wind power.