Graphs of the Day: The success of Germany’s energy transition • © [reneweconomy.com.au]
There is a great debate about the success or otherwise of Germany’s Energiewende, or Energy Transition. Most of it is uninformed, and much of it is fuelled by the nuclear and coal industries, which have most to lose from the push into renewables by Europe’s most successful economy.
This series of graphs shows how the renewable targets are on track, have lowered emissions, decoupled energy consumption from economic growth, pushed wholesale prices down to record lows, and are now pushing retail prices down. And it has done some interesting things to the energy mix.
The graphs were prepared in a report by Agora Energiewende, a Berlin-based think tank whose former head Rainer Bakke is now the chief advisor to Germany’s energy and economics minister on the future of the Energiewende.
The first graph shows that the renewable target is still on track. This graph shows the target for 2025, and that will continue to a target of 55-60 per cent by 2035, and 80 per cent by 2050.