Thursday, September 24, 2009

Without Energy Policy in Place, Global Capital will Evaporate in US

Deutsche Bank last week released a research note of curious interest just ahead of this busy week of international climate meetings and upcoming Senate action on federal climate law. Called Creating Jobs and Growth: The German Green Experience, it reviewed the policy architecture responsible for Germany's rise as a global clean tech leader over the last decade.

The plot line goes like this: Thanks especially to a mechanism called a "feed-in tariff," Germany has been able to create 300,000 new jobs since 2000 in a booming renewable energy sector, with renewable energy supply more than doubling, jumping from 6.3 percent of total electricity supply in 2000 to 14 percent in 2007. The people of the European nation of 82 million also saw only modest electricity price rises.

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