Yesterday, the German cabinet approved the Renewable Energy Act Reform. The reform, referred to by some as the Feed-in Tariff 2.0 (FiT 2.0), was necessary: In the past few years, Feed-in Tariffs successfully boosted renewable energy deployment in the country. This sparked public and policy discussions around the grid development, market integration and financial instruments that would finally enable Germany to reach its policy target of 80% renewable electricity by 2050.
Unfortunately, the bill passed yesterday fails to address any of these questions. Instead, it strengthens the corporations and energy utilities that have failed to integrate renewables into their business model in the past decade. The following analysis shows why the reform cannot be considered FiT 2.0. [Read more →]
April 9, 2014 No Comments
A group of 50 European policy makers across party lines has called upon the European Commission to drastically increase the targets for renewable energy in the context of this week’s decision to set climate and energy targets for 2030. Current and former Members of Parliament (MEP) and politicians from 15 EU member states today concluded in Brussels that “self-interested actions and a lack of cooperation put Europe’s resilience, its society, economy and climate at risk. Only ambitious targets for renewable energy can sustain Europe’s economy and ultimately lead to an energy sector powered entirely by renewable energy.” [Read more →]
March 20, 2014 No Comments
Feed-in Tariffs (FITs) have come under fire in the past months, being criticized variously as “over-regulation”, “subsidies”, “unfunded liabilities”, “central planning”, “state price controls” and “state aid”. Supporters of this discourse call for market competition and free enterprise instead. What they have not understood is that this is exactly what feed-in tariffs do. [Read more →]
March 13, 2014 No Comments