German climate policy a failure ā commentary
Germanyās energy transition is expensive and ineffective, writes economist Joachim Weimann of the University of Magdeburg in a guest commentary in the Frankfurter Allgemeine Zeitung. Despite high financial support for green energies and high electricity prices, CO2 emissions have hardly sunk. Between 2005 and 2016, energy-related carbon pollution fell by just 7.2 percent, while the feed-in tariffs cost electricity consumers 25 billion euros last year alone, according to Weimann. āGigantic effort, ridiculously low returns ā that is the reality of Germanyās climate policy,ā he writes.
Read the commentary in German .
For background, read the dossier Energiewende effects on power prices, costs and industry and the factsheet How much does Germanyās energy transition cost?