Cover IMF Working Papers
Energy Efficiency and Renewable Energy Supply for the G-7 Countries, with Emphasis on Germany
Author:
Mr. Jon Strand
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Series:
IMF Working Papers
Volume/Issue:
Volume 2007: Issue 299
Language:
English
Publication Date:
01 Dec 2007
DOI:
https://doi.org/10.5089/9781451868623.001
ISBN:
9781451868623
ISSN:
1018-5941
Pages:
35
Keywords:
WP; electricity generation; wind power; electricity production; EU emissions trading scheme
Legal-disclaimer:
IMF Working Papers describe research in progress by the author(s) and are published to elicit comments and to encourage debate. The views expressed in IMF Working Papers are those of the author(s) and do not necessarily represent the views of the IMF, its Executive Board, or IMF management.
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This paper discusses structure, impact, costs, and efficiency of renewable energy supply in the eight largest advanced economies (the G-7 plus Spain), with focus on Germany. Renewables production costs are compared to benefits, defined as reductions in net carbon emissions; technological innovation, and increased energy security. The latter part of the paper centers on Germany, the main European producer of non-traditional renewables. We question whether the level of subsidies can be justified, relative to other means to increase energy security and reduce carbon emissions. We also find an excessive emphasis on current productive activity, relative to development of new technologies.
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Cover IMF Working Papers
IMF Working Papers
ISSN:
1018-5941
Publisher:
International Monetary Fund
Volume 2007: Issue 299