Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/64555
Authors: 
Gawel, Erik
Strunz, Sebastian
Lehmann, Paul
Year of Publication: 
2012
Series/Report no.: 
UFZ-Diskussionspapiere 15/2012
Abstract: 
The German energy transition repeatedly faces harsh critiques questioning its economic and environmental merit. This article defends the Energiewende and argues that Germany has chosen a rational and particularly forceful approach to securing sustainable energy supply. Though current expenditures are high, the long-run benefits of transforming the energy system to a renewables-based system are likely to outweigh present investment costs. Furthermore, support policies for renewables are not redundant - as some critics claim - but complement other policy instruments, such as the emissions trading scheme. The article also addresses the motives behind the discrediting attacks on the German energy policy regime. Defense actions by beneficiaries of the former energy market structure are only to be expected, but the attacks from liberal economists are astonishingly fierce.
Subjects: 
energy supply
energy transition
externalities
Germany
renewable energy sources
support policies
sustainability
JEL: 
D62
H54
Q42
Q48
Q53
Q54
Document Type: 
Working Paper

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