Economic Success of Renewable Energies in Germany
Germany has seen a boom in renewable energy investments and green job creation. Critics of renewable energies argue their costs are too high. This analysis by the Wuppertal Institute gives an overview of the costs and benefits of Germany’s Renewable Energies Act (EEG). The study shows that renewable energies provide a net economic benefit for the country by reducing fossil fuel imports, replacing expensive peak electricity, and cutting pollution. Furthermore, the study examines some of the most often heard arguments against the Renewable Energies Act (EEG) which have been picked up by conservative think tanks in the United States.
This report originally has been commissioned by Germany’s Renewable Energies Agency. Its English version is being supported by the Heinrich Böll Stiftung North America.
Click here to read Economic Success of Renewable Energies in Germany (29 pages, pdf, 2MB)