Renewable energy is becoming increasingly important on the German electricity market. However, despite the energy transition, Germany cannot, for the present, do without fossil fuels.
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Today, the EU Commission presented new guidelines and proposals for the European energy policy. With regard to the energy market design, the proposed package offers some welcome visions. They have the potential to indeed overcome the fragmented and somewhat inefficient state of national energy policies, including in Germany.
The election of Donald Trump as the next US president puts the international progress on global climate protection in danger. Trump already announced his plans to withdraw the US’ support and acceptance of the Paris Agreement. Thus, one of the largest emitters of CO2 would no longer be part of the fight against climate change. For companies producing in Europe, with its climate protection requirements this would lead to competitive disadvantages.
Interview with Hubertus Bardt, Head of the Research Division at the Cologne Institute for Economic Research
Head of the Research Unit Environment, Energy, Infrastructure
Tel+49 221 4981-791
Mailthilo.schaefer@iwkoeln.de
