Column: Germany’s Angst Over Hydraulic Fracturing and Emissions Reduction TargetsSource: Institute for Energy Research | 14 July 2014
Although the Germans can now call themselves World Cup champions, they may be headed for a losing energy proposition. Last week, Germany’s energy and environment ministers announced that they were considering a ban on shale oil and gas drilling. Barbara Hendricks, minister for the environment, went so far as to say that these would be the “strictest regulations [Germany has] ever set” and that “there will be no fracking for economic purposes in Germany in the near future.”
The dilemma Germany has created for itself is that the country has set ambitious carbon dioxide emissions reduction targets—40% reductions of 1990 levels by 2020 and 55% by 2030. Shale gas development could help with the emissions reduction because its production and displacement of coal in the generating sector has reduced emissions in the United States.