Publications
Economic impacts from the promotion of renewable energies: the German experience
1st October 2009
Topic(s): Domestic policy, Economics, Energy security, Renewables
This paper reviews Germany’s Renewable Energy Sources Act (EEG), focusing on its costs and the associated implications for job creation and climate protection. The authors argue that German renewable energy policy, and in particular the adopted feed-in tariff scheme, has failed to harness the market incentives needed to ensure a viable and cost-effective introduction of renewable energies into the country’s energy portfolio.
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