Observed around the world with varying degrees of curiosity, high expectations and hopes, skepticism, potential good will or schadenfreude, Germany, Europe’s largest economy, has embarked on probably the furthest reaching energy transformation of any industrialized country by its recent government decision – confirmed by a parliamentary vote end of June – to phase out nuclear energy by 2022. This will be a costly endeavor, no doubt, a multibillion-dollar experiment to improve the country’s electricity grid and scale up generation and use of renewable energy domestically. If Germany’s great energy transformation effort succeeds, other industrialized countries will have a harder time arguing that a low-carbon energy transformation will necessarily cost jobs, reduce a country’s economic growth and threaten its global competitiveness.
Yet, the German experiment can only then be judged a true success, if Germany does not fund its national energy transformation at the expense of its international obligations and pledges to help developing countries finance their own low-carbon and climate-resilient development. Funding both the energy transformation at home and internationally at the same time, without short-cuts and excuses: this will set Germany apart from the rest of the industrialized world and cement a true German leadership position in climate actions globally ….. (more…)




