€30bn of Germany’s €130bn Corona economic stimulus package is dedicated to the energy sector and the climate. Simon Göss at Energy Brainpool runs through the four main areas of focus. There’s €11bn to fund a reduction in the EEG levy (renewables surcharge) to help electricity consumers. €9bn goes to creating a hydrogen industry for Germany. There’s €7bn to promote e-mobility (tax exemptions, subsidies, co-financing of charging stations and … [Read more...]
Will Member States support the EC’s green recovery plan?
The EC’s “Next Generation EU” plan for a joint loan of €750bn is a major breakthrough as it accepts the need for the member states to share a large debt burden to revive the EU economy. It will be in addition to the European budget under discussion before the pandemic crisis. The other breakthrough is that green policies – climate neutrality, biodiversity, “food-to-fork” - are central, explains Nicolas Berghmans at IDDRI. He summarises the plan, … [Read more...]
Why savings from the 2009 Buildings Refits stimuli were poor. Let’s do better this time
“Shovel ready” buildings renovations and refits can play an important part in a nation’s economic recovery programme. It gets money straight into the pockets of manual workers doing the refits, across the whole country, cuts the energy bills of all (both low and high income households), and accelerates efficiency gains for meeting climate targets. But first we need to learn lessons from the U.S. renovation stimuli of 2009, says Meredith Fowlie at … [Read more...]
Sales down, but cash preserved too: Regulators take note when setting new Utility rates
Utilities are suffering financial impacts because of the current pandemic, and regulators will be asked to address them when they set new electricity rates. The intention will be to help the utilities recover while keeping bills affordable for their customers. But not all the impacts on the utilities are bad news, explains Jim Lazar at RAP looking at the U.S. Though revenues have dropped and some labour costs risen, there is a list of things that … [Read more...]
EU Recovery Package mustn’t sideline Green R&D
Today (Wednesday 27 May) the EC releases its COVID-19 Recovery package and Multiannual Financial Framework. The Green Deal and net-zero ambitions are expected to be a substantial part of it. Eleonora Moro and LĂ©a Pilsner at E3G draw attention to Research & Innovation (R&I, or R&D), often in danger of being seen as a luxury in times of crisis because the big wins are not immediate. Already, the EU could do much better. Looking at … [Read more...]