“Emissions trading instead of subsidies”
Germany’s most populous state North Rhine-Westphalia (NRW) would be wise to “massively advocate” for shifting the financial foundation of the country’s energy transition from national subsidies to a better functioning European Emissions Trading System (ETS), economist Christoph M. Schmidt writes in a guest article for Rheinische Post. NRW, home to Germany’s two largest utilities and the country’s largest coal mining region, currently pays a lot more for funding renewables than federal states that benefit most from the expansion of solar and wind power, he says. “No other federal state has a greater interest in keeping the Energiewende’s economic costs down than NRW,” Schmidt says.
Read the article in German .
For background, see the 鶹 factsheet Germany ponders how to finance renewables expansion in the future.