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Die ökonomischen Wirkungen der Förderung erneuerbarer Energien: Erfahrungen aus Deutschland

Author

Listed:
  • Frondel Manuel
  • Schmidt Christoph M.

    (Ruhr-Universität Bochum und Rheinisch-Westfälisches Institut für Wirtschaftsforschung (RWI), Hohenzollernstr. 1-3, D-45128 Essen)

  • Ritter Nolan

    (Rheinisch-Westfälisches Institut für Wirtschaftsforschung (RWI), Hohenzollernstr. 1-3, D-45128 Essen)

  • Vance Colin

    (Jacobs University Bremen und Rheinisch-Westfälisches Institut für Wirtschaftsforschung (RWI), Hohenzollernstr. 1-3, D-45138 Essen)

Abstract

The allure of an environmentally benign, abundant, and cost-effective energy source has led an increasing number of industrialized countries to back public financing of renewable energies. Germany’s experience with renewable energy promotion is often cited as a model to be replicated elsewhere, being based on a combination of far-reaching energy and environmental laws that stretch back nearly two decades. This paper critically reviews the centerpiece of this effort, the Renewable Energy Sources Act (EEG), focusing on its costs and the associated implications for job creation and climate protection. We argue that German renewable energy policy, and in particular the adopted feed-in-tariff scheme, has failed to harness the market incentives needed to ensure a viable and cost-effective introduction of renewable energies into the country’s energy portfolio. To the contrary, the government’s support mechanisms have in many respects subverted these incentives, resulting in massive expenditures that show little long-term promise for stimulating the economy and protecting the environment.

Suggested Citation

  • Frondel Manuel & Schmidt Christoph M. & Ritter Nolan & Vance Colin, 2010. "Die ökonomischen Wirkungen der Förderung erneuerbarer Energien: Erfahrungen aus Deutschland," Zeitschrift für Wirtschaftspolitik, De Gruyter, vol. 59(2), pages 107-133, August.
  • Handle: RePEc:lus:zwipol:v:59:y:2010:i:2:p:107-133
    DOI: 10.1515/zfwp-2010-0202
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    Cited by:

    1. Frondel, Manuel, 2017. "Deutschlands Klimapolitik: Höchste Zeit für einen Strategiewechsel," RWI Materialien 117, RWI - Leibniz-Institut für Wirtschaftsforschung.
    2. Haucap, Justus & Coenen, Michael, 2011. "Mehr Plan- als Marktwirtschaft in der energiepolitischen Strategie 2020 der Europäischen Kommission," DICE Ordnungspolitische Perspektiven 11, Heinrich Heine University Düsseldorf, Düsseldorf Institute for Competition Economics (DICE).

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