By Global Markets Institute at Goldman Sachs and Center for Environmental Markets
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Additional info for Alternative Energy: Global Public Policy & Regulatory Challenges Fall 2007
Exhibit 21 shows policies in various jurisdictions in Europe and elsewhere. 078 Source: Renewable Energy Tariffs in Europe and elsewhere, compiled by the Ontario Sustainable Energy Association. The German government has actively employed feed-in tariffs. First enacted in 1991, they required utilities to purchase renewable power at 90% of the retail rate for electricity. The Renewable Energy Law of 2000 sets specific prices, gradually decreasing over time, that renewable electricity producers would receive.
Renewable Energy, € 225m, 24% Non-Nuclear Energy, € 115m, 13% Nuclear Energy, € 580m, 63% Source: European Renewable Energy Council. In January 2007, the EC proposed a Renewable Energy Roadmap as part of an overall EC Energy Package. The Roadmap suggests legally binding targets for renewable energies in the EU’s overall energy mix (20% by 2020) and for biofuels in transport (10% by 2020). The Roadmap does not, however, set sector-specific targets, deferring instead to a more flexible, member state-driven approach to the promotion of renewables.
29 US Department of Energy. 30 Renewable Global Status Report 2006 Update. 31 IEA Key World Energy Statistics, 2006. 32 The National Commission on Energy Policy, Ending the Energy Stalemate: A Bipartisan Strategy to Meet America’s Energy Challenges, December 2004. 33 UK Government, Department for the Environment, Food and Rural Affairs (DEFRA), “The facts on biodiesel and bioethanol”, July 2003. 34 Europe: Energy: Alternative Energy. 35 Europe: Energy: Alternative Energy.
Alternative Energy: Global Public Policy & Regulatory Challenges Fall 2007 by Global Markets Institute at Goldman Sachs and Center for Environmental Markets