Julia Balabanowicz

Enacted in 2000, Germany’s Renewable Energy Sources Act (EEG) is proving to be the world’s most effective and efficient instrument for stimulating the renewable energy market and reducing greenhouse gas emissions. Currently, renewable energy comprises 14 per cent of Germany’s total electricity use and the industry employs over 235,000 people. Reductions in the country’s carbon dioxide (CO2) emissions, 44 million tonnes in 2006 alone, and substantial domestic manufacturing, worth more than $21-billion in the same year, are directly attributable to the EEG. ...