Energy Policy, Vol.64, 302-312, 2014
Renewable Energy Sources Act and Trading of Emission Certificates: A national and a supranational tool direct energy turnover to renewable electricity-supply in Germany
Aim: After the nuclear disaster at Fukushima in 2011, Germany decided to phase out atomic energy, without producing new CO2 emissions. The article discusses the promotion systems that are used. Scope: The percentage of renewable energies in Germany's electricity consumption increased from 3 in 1990 to 23 in 2012. This development was introduced and guided by a law called Renewable Energy Sources Act. It guarantees a privileged acceptance of electricity and a fixed gratification for 20 years to the operators of regenerative power plants. It allows the operators to install regenerative power plants at a reduced risk. By contrast, the international means for CO2 reduction is the trading of emission certificates, which is also valid for Germany. The article discusses how the promotion of the Erneuerbar-Energien-Gesetz (EEG) and other plant-based promotion systems fit into this condition. It also elucidates the actual decline of promotion, its problems to the country's environmental economy and the approach of decentralized photovoltaic (PV) energy plants towards economical efficiency. Conclusions: Germany's energy turnaround to a regenerative energy supply is characterized by a strong and differentiated promotion system. Substantial efforts have to be made as the percentage of the renewable energy sources has significantly increased but is still under 25%. (C) 2013 Elsevier Ltd. All rights reserved.
Keywords:Energy turnaround;Renewable Energy-Sources Act;Costs of regenerative electricity production