Energy Efficiency and Renewable Energy Supply for the G-7 Countries, with Emphasis on Germany

37 Pages Posted: 25 Jan 2008  

Jon Strand

International Monetary Fund (IMF)

Date Written: Janurary 2008

Abstract

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. Renewable 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.

Keywords: Energy, Group of seven, Germany, Spain, Energy policy, Energy taxes

Suggested Citation

Strand, Jon, Energy Efficiency and Renewable Energy Supply for the G-7 Countries, with Emphasis on Germany (Janurary 2008). IMF Working Papers, Vol. , pp. 1-35, 2008. Available at SSRN: https://ssrn.com/abstract=1087178

Jon Strand (Contact Author)

International Monetary Fund (IMF) ( email )

700 19th Street, N.W.
Washington, DC 20431
United States

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