Energy-policy implications of energy policy turnaround

In the opinion of Wolfgang Buchholz, University of Regensburg, and Johannes Pfeiffer, Ifo Institute, the present energy-policy implications of the German energy-policy turnaround are characterised by a lack of cost consciousness, an exaggerated technological optimism, a one-sided perception of the risks, too little flexibility in the chosen transformation path and, at least implicitly, by a bias towards self-sufficiency. Current energy policy is focused on technological solutions that are only partially innovative, although a more deliberate approach and more flexibility are needed given the large uncertainties in regard to the available energy options for the longer term. An additional major deficiency is the inadequate international and European Integration of German energy policy. The energy-policy turnaround must be perceived to a much greater extent as a task for Europe as a whole.