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Germany Launches Next Phase of Energy Transition

Germany Launches Next Phase of Energy Transition

sigmar-gabriel

S. Gabriel, © Bundesrat, Frank Bräuer

On July 8, the Renewable Energy Sources Act 2017 (EEG 2017) was passed by both houses of the German parliament. Its most important addition is that from 2017 on, “rather than being fixed by the government, future rates of renewables funding will be determined by the market by means of dedicated auction schemes,” the economy ministry announced. Whereas the parliamentary opposition and several environmental associations have criticized the EEG 2017, the BMWi described it as the “next phase of the energy transition.” (more…)