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“More Energiewende, more business for us,” says Leonhard Birnbaum, chief executive of E.ON, a German power-grid operator that enjoys a near monopoly in Europe’s biggest economy. The set of policies and timetables to which he is referring (and which translates to “energy turning-point”) was first unveiled in 2000 with the aim of making Germany a net-zero emitter of carbon by 2045. It is meant to increase the demand for and the supply of green power exponentially. And it can only work so long
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