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Seeking Energy Independence - Germany’s Plans to Race to Net Zero
Virtual
31 March 2022
Hosted By: NERA Economic Consulting
Germany’s new coalition government has announced a massive capacity increase of renewable energies. In short, the government’s goal is to supply all of Germany’s current gross electricity consumption—560 TWh—from renewable sources by 2030. The necessary regulatory changes are being initiated by means of the proposed “Easter Package” of energy laws, which contain numerous changes in respect of renewables, incentive schemes, and energy levies.
On 31 March at 16:00 CET, NERA Economic Consulting Associate Director Dominik Huebler and Jones Day Partner Dr. Kerstin Henrich looked at the legal and economic implications of the proposed overhaul for investment in the German energy sector.
The renewable energy experts discussed, among other things:
- The introduction of “contracts for difference” and lease payments for offshore wind;
- The advantages and drawbacks of the different innovations for solar and wind investors; and
- Hydrogen’s increased role in Germany’s renewables law (EEG).
The presenters paced these instruments in the context of what has been observed abroad and what further changes can be expected from the upcoming “Summer Package,” which has already been announced and will bring further regulatory changes.
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