“Germany’s expensive energy meander”
Germany supports renewable energies with more money than any other country on Earth, but the effect on CO2 emissions remains limited, according to Justus Haucap, head of the Institute for Competition Economics (DICE) at Düsseldorf University. Without a corresponding withdrawal of EU emission certificates, Germany’s renewable support is utterly pointless in terms of climate protection, writes Haucap in a contribution to Frankfurter Allgemeine Zeitung. “The Merkel government’s climate and energy policy can only be called a meander. A lot is done for renewable energies, but paradoxically, little for the climate.”
Find the article in German (behind paywall) here.