Issue 2008 May 24
Browse Articles
ENERGY: Germany’s rapid development of renewable energy
Germany expects, within 12 years, to generate more than a quarter of its electricity from renewable energy sources, such as solar panels, wind turbines and biogas. Patrick J. Byrne reports.Aiming at the European Union’s target of 20 per cent renewable energy by 2020, Germany was halfway there last year, generating electricity from solar panels, wind turbines and bio-gas.The big impetus to Germany’s investment…
ECONOMIC AFFAIRS: Oil imports threaten to blow out foreign debt
Australia’s foreign debt has grown at around 6 per cent (or $60 billion) annually over the past four years. Patrick J. Byrne reports.Australia’s slow march to banana republic status continues, while Joseph Stiglitz, one of the world’s leading economists, has warned what happens to nations when foreign debts get out of hand.Australia’s net foreign debt now exceeds $610 billion, or 61 per cent…
