Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/125068 
Year of Publication: 
Dec-2014
Citation: 
[Journal:] Renewable and Sustainable Energy Reviews [ISSN:] 1879-0690(Electronic) [ISSN:] 1364-0321(Print) [Volume:] 40 [Publisher:] Elsevier [Place:] Amsterdam [Year:] 2014 [Pages:] 1070-1080
Publisher: 
Elsevier, Amsterdam
Abstract: 
The increasing utilization of renewable energy sources (RES) is a major energy policy strategy in many countries worldwide. Germany is a forerunner in the deployment of RES and has ambitious goals for the future. The support and use of renewables affects the economy: It creates business opportunities in sectors producing renewable energy facilities, but comes with costs related to supporting its deployment. This paper analyses and quantifies the net balance of economic effects associated with renewable energy deployment in Germany until 2030. To this end, we use a novel model, the ‘Sectoral Energy-Economic Econometric Model’. This is an econometric multi-country model which, for Germany, contains a detailed representation of industries, including 14 renewable energy technology sectors. Our results show that renewable energy expansion can be achieved without compromising growth or employment. The analysis reveals a positive net effect on economic growth in Germany. Net employment effects are small, but also positive. Their size depends strongly on labour market conditions and policies. Results at the industry level indicate the size and direction of the need for restructuring across the sectors of the Germany economy.
Subjects: 
Renewable energy
Net economic effects
Germany
JEL: 
Q43
Q52
C5
Published Version’s DOI: 
Additional Information: 
This is the preprint of an article published in Renewable and Sustainable Energy Reviews 40 (2014), pp. 1070-1080, available online at: http://dx.doi.org/10.1016/j.rser.2014.07.134
Creative Commons License: 
cc-by-nc-nd Logo
Document Type: 
Article
Document Version: 
Manuscript Version (Preprint)

Files in This Item:
File
Size





Items in EconStor are protected by copyright, with all rights reserved, unless otherwise indicated.