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Title:Economic effects of renewable energy expansion: A model-based analysis for Germany PDF Logo
Authors:Blazejczak, Jürgen
Braun, Frauke G.
Edler, Dietmar
Schill, Wolf-Peter
Issue Date:2011
Series/Report no.:Discussion Papers, German Institute for Economic Research, DIW Berlin 1156
Abstract:Increasing utilization of renewable energy sources (RES) is a priority worldwide. Germany has been 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 also comes along with costs for supporting the deployment of renewables. 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 (SEEEM). SEEEM 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 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
Germany
net economic effects
JEL:Q43
Q52
C5
Document Type:Working Paper
Appears in Collections:Publikationen von Forscherinnen und Forschern des DIW
DIW-Diskussionspapiere

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