Papeles FAES The German Energiewende – A textbook case of policies fighting markets

06/04/2017

Graham Weale es Profesor honorario de Energy Economic and Politics,Ruhr University Bochum, Alemania

Graham Weale. Honorary Professor of Energy Economics and Politics, Ruhr University Bochum, Germany



_ "It was the Fukushima incident which almost overnight transformed the energy policy situation in Germany and triggered the rapid and irreversible phase-out of nuclear power."

_ “The irony of the Energiewende* was the extent to which it frustrated the proper functioning of the wholesale power market at exactly the same time when the European Commission was wanting to make a success of liberalisation.”

_ “What is astonishing is that politicians do not seem to realise what they have done to the market and nonetheless harbour the expectation that this “market” will lead to an efficient and competitive power supply”

_ “Germany is far from achieving its target as a world leader. Its hardly surprising failure to reduce its CO2 emissions significantly does little to recommend its policy.”

 


 

* The Energiewende (German for energy transition) is the transition by Germany to a low carbon, environmentally sound, reliable, and affordable energy supply. The new system will rely heavily on renewable energy (particularly wind, photovoltaics, and hydroelectricity), energy efficiency, and energy demand management.

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