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dc.contributor.authorFrondel, Manuelen_US
dc.contributor.authorSchmidt, Christoph M.en_US
dc.contributor.authorVance, Colinen_US
dc.description.abstractThis article revisits an analysis by Frondel, Ritter and Schmidt (2008) of Germany's Renewable Energy Act, which legislates a system of feed-in tariff s to promote the use of renewable energies. As in the original article, we argue that Germany's support scheme subsidizes renewable energy technologies not based on their long-term market potential, but rather on their relative lack of competitiveness, with the photovoltaics (PV) technology enjoying high feed-in tariffs, currently over double those of onshore wind. The result is explosive costs with little to show for either environmental or employment benefits. Indeed, we document that the immense costs foreseen by Frondel and colleagues have materialized: Our updated estimate of the subsidies for PV, at 100 Bn €, exceeds their expectations by about 60%. Moreover, with installed PV capacities growing at a rapid rate, these costs will continue to accumulate, diverting resources from more cost-effective climate protection instruments.en_US
dc.publisherRWI Essenen_US
dc.relation.ispartofseriesRuhr Economic Papers 353en_US
dc.subject.keywordEnergy policyen_US
dc.subject.keywordemployment effectsen_US
dc.subject.keywordclimate protectionen_US
dc.titleGermany's Solar Cell Promotion: An Unfolding Disasteren_US
dc.typeWorking Paperen_US
Appears in Collections:Ruhr Economic Papers, RWI
Publikationen von Forscherinnen und Forschern des RWI

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