Deutsche Bank Research: Energiewende 2.0 – don't risk competitiveness
In its publication “Standpunkt Deutschland”, Deutsche Bank Research explain: The expansion of renewables, while a worthy long-term goal, is presently jeopardising German competitiveness.
To prevent this, the Energiewende – i.e. energy turnaround or transformation – must be implemented more efficiently. We welcome government plans to impose a minimum levy on new systems for captive generation. To ensure the levy doesn’t also rise unsustainably, the subsidies should gradually be phased into market-based price and volume mechanisms. The government should tighten exceptions to the levy, while continuing to shield the energy-intensive companies most vulnerable to international competition.
Read the entire document.
“For Germany to remain an export powerhouse, we need an “Energiewende 2.0,” one that will improve the efficiency of the current system as well as introduce market mechanisms for future energy pricing.”