Feb 25, 2013

Is Germany now done with renewable energy?

Two German politicians are keen to rein in feed-in tariff support for renewable energy in Germany. But that doesn't mean the European powerhouse is done with clean energy altogether.

Germany’s Environment Minister Peter Altmaier and Economy Minister Philipp Rösler have been keen to rein in feed-in tariff support for renewable energy in Germany (commonly referred to as the “EEG”). Altmaier went as far as to claim last week that the policy would cost Germans €1 trillion by 2030.

He proposes to cap increases in subsidies for renewable power at 2.5% growth per annum and suspend feed-in tariffs to new installations. In addition, in a highly concerning move for investor confidence, he proposed a temporary cut in the feed-in tariff already received by existing renewable energy power plants.

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4 thoughts on “Is Germany now done with renewable energy?

  1. Isabell Kiko

    “… opposition from the Social Democratic Party, Die Grünen (Greens) and Die Linke (the Liberals).”
    This should probably read “Die Linke (The Left/Democratic Socialists)

  2. Andybob

    Anyone know who that “one Australian journalist” was ?

  3. Raaraa

    Die Linke is just The Left. They are the result of the merger between the Party of Democratic Socialism (PDS) and East Germany’s socialist party (who ruled East Germany).

    The equivalent of the Liberals would be the Free Democratic Party.

  4. Stephen

    While paying lip service to the fairy story of the EU ETS, the Germans have vigorously pursued their own parallel policy which, while imperfect, at least makes some sense.

    Nothing wrong with spreading the risk like that. Pity Australia couldn’t have done likewise, instead of blindly worshipping the ‘market’ ETS solution.

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