Economic Opportunities and Structural Effects of Sustainable Energy Supply
Renewable energy sources and increased energy efficiency are not only crucial for reducing greenhouse gas emissions and other negative impacts of conventional energy supply; they also hold enormous economic opportunity. Significant and dynamically growing sectors have emerged in the area of renewable energy over the last several years. In 2010, 26.6 billion euros were invested in Germany alone in renewable energy facilities. Altogether, renewable energy sources created 35.5 billion euros in demand for the German economy. Gross employment in the area of renewable energy is estimated at 367,400 persons for 2010. Likewise, the net economic balance for the expansion of renewables is positive. Model calculations conducted by DIW Berlin show that the gross domestic product is by 2.9 percent higher in 2030 in the "Expansion Scenario" than following a "Null Scenario" with no expansion. Depending on the labor market conditions, the net employment effects appear to be weak to moderate, but in any case positive. These scenario calculations also illustrate that the impact of the expansion differs across sectors. Furthermore, the transition from the current energy supply regime to one where renewable energy sources contribute a large share and energy efficiency has been substantially increased will require a structural change in business and the working world that will have to be followed closely in the future.
Volume (Year): 1 (2011)
Issue (Month): 1 ()
|Contact details of provider:|| Postal: |
Web page: http://www.diw.de/en
More information through EDIRC
When requesting a correction, please mention this item's handle: RePEc:diw:diwdeb:2011-1-3. See general information about how to correct material in RePEc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Bibliothek)
If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.
If references are entirely missing, you can add them using this form.
If the full references list an item that is present in RePEc, but the system did not link to it, you can help with this form.
If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your profile, as there may be some citations waiting for confirmation.
Please note that corrections may take a couple of weeks to filter through the various RePEc services.