The Impact of The Renewable Energy Act On The German Market
The Renewable Energy Act was the central political element of one of the greatest paradigm shifts since the start of the industrial revolution: the shift from fossil and atomic energy supplies to renewable energy sources (Green Energy Act Alliance, 2011). The German energy market has started to turn away from fossil fuels and centralized electricity structures towards a decentralized approach of energy production. With the investor friendly remuneration rates, electricity production is no longer in the hands of a few big energy companies. Chart 1 (Renewables 2010 – Global status report – Renewable Energy Policy Network for the 21st century (REN21)) shows today’s favorable position of Germany in the global Renewable Energy markets (2009).
Read more about this topic: German Renewable Energy Act
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