Tag Archives: Economy

Germany’s green energy policy.

Nowadays the problem of pollution and global warning is infestating more and more countries. Such problem is taken very seriously in Germany. Billions and billions of Euros are invested into ecologically clean plants and other industrial projects. The “Institute for Energy Research” shows us that “by 2030, Germany will have spent more than 300 billion Euros on green electricity. And consumer groups are complaining that about 800,000 German households can no longer pay for their energy bills”. If this rise in energy prices continues, household energy bills could exceed the rent that German citizens pay for housing in parts of the country and this analysis is not very promising. All of us know that renewable technologies are not economic compared to traditional fossil fuel technologies. Spiegel.de noticed that “Germany’s four leading electrical grid operators — RWE, E.ON, Vattenfall and EnBW — announced on Monday that they would be hiking by 47 percent the charge to consumers that goes into financing subsidies for producers of renewable energy”. This clearly means that more and more people will have trouble and disbalance with their financial status and overall income and as a result the economical situation might get worse if the switch to the clean technology will be rapid. Electricity prices are expected to increase by over 10 percent next year—the largest increase in a decade. Germany is building one of the world’s most ambitious clean-energy strategies. It supports and advertises renewable energy by granting fixed prices for the electricity that facilities such as wind- and solar-power plants produce. “Germany already produces more than 25% of its electricity from renewables such as wind and solar power, but is planning a complete exit from another low-carbon energy source, nuclear power, over the next 10 years because of safety concerns. It plans a further, even more radical expansion of renewable energy to replace nuclear energy and fossil-fueled power plants, with the aim of sourcing 35% of its electricity from renewable sources by 2020, and more than 80% by the middle of the century” – states the Wall Street Journal. Overall we can say that the Green energy policy in Germany is very successful and promising but the prices on it are way too high for most German people, but if the changes to the new green energy technology in the country will be slow and planned – the country will definitely benefit both economically and ecologically.