Economic Opportunities behind a Smart Energy Transition

Claudia Kemfert
DIW Berlin

The energy transition aims to increase the share of electricity generated from renewable sources from currently around 28% to 80% in 2050. The nuclear power plants still in operation particularly in southern Germany will shut down by 2022. Further objectives pursued include improved energy efficiency in buildings and the move towards sustainability in mobility. The energy transition hence aims at achieving lasting sustainability in energy supply. We must begin to phase out coal now and support the structural change this entails. Renewable forms of energy should not be thwarted but further developed while increasing the reliability of renewable energy supply. At the same time, we have to do more to save energy and gear mobility more towards sustainability. A smart energy transition holds enormous economic opportunities. We should not miss them.
Prof. Dr. Claudia Kemfert been head of the Department of Energy, Transportation, Environment of the German Institute for Economic Research (DIW Berlin) since April 2004 and is a professor of Energy Economics and Sustainability at the Hertie School of Governance in Berlin. She is an economic expert in the fields of energy research and climate protection.

Claudia Kemfert was appointed to the Advisory Council on the Environment at the Federal Ministry for the Environment, Nature Conservation and Nuclear Safety in 2016. She was an advisor to EU President José Manuel Barroso and is a member of the advisory boards for diverse research institutions and ministries at national and state levels. In 2013, her book The Battle About Electricity was published, in which she describes prevailing myths in the energy policy debate.