
Contents
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20.1 Introduction and Background 20.1 Introduction and Background
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20.2 Net Economic Effects 20.2 Net Economic Effects
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20.3 Model PANTA RHEI 20.3 Model PANTA RHEI
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20.4 Energy Efficiency in Germany 20.4 Energy Efficiency in Germany
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20.5 Renewable Energy 20.5 Renewable Energy
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20.6 Conclusions and Outlook 20.6 Conclusions and Outlook
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Notes Notes
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References References
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20 Macroeconomic Effects of Renewable Energy and Energy Efficiency Policies with a Focus on Germany
Get accessChristian Lutz, Managing Director, Gesellschaft für Wirtschaftliche Strukturforschung, Germany.
Ulrike Lehr, Senior Expert, Gesellschaft für Wirtschaftliche Strukturforschung, Germany
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Published:05 May 2015
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Abstract
Energy efficiency and renewable energy sources are the two main pillars of the future energy system the German government aims at with its long-term energy concept. This chapter reports the economic impacts of these mitigation policies based on two recently completed studies with the economy–energy–environment model PANTA RHEI. Results show both for energy efficiency and for renewables positive macroeconomic impacts concerning gross domestic product and employment. Additional investment increases demand in the short run and reduces energy costs in the long term. Sensitivity analyses look into different assumptions for fossil fuel prices, domestic installations, and international trade. The development of world markets and German exports is very important. Globally, countries will change their energy system. The necessary transition from fossil fuels to energy-saving and renewable investment opens excellent export opportunities for German industries.
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