Macroeconomic effects of the Energy Transition
Within the monitoring process “energy of the future” macroeconomic effects of the Energy Transition have been evaluated together with Prognos AG, Basel and the institute of energy economics at the University of Cologne. The results are derived from a quantitative and empirical analysis of a Counter-Factual and Energy Transition scenario. Two phases can be identified. Ex post until 2012, the expansion of renewable energies dominates, especially, with respect to monetary variables, the expansion of photovoltaics. Ex ante from about 2015 onwards, the macroeconomic effects are primarily driven by energy efficiency measures as well as increased electricity prices in the ET scenario. The macroeconomic effects of the energy transition, as defined here, are small.
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Our figure of the month 06/2023: Expenditures for energy and food place a particularly heavy burden on lower incomes
The inflation rate in Germany remains at a high level even after more than a year of war in Ukraine. Although the consumer price index has now weakened for the second month in a row, it…