Germany’s Energy Transition and International Political Economy: The Impact of Renewable Energy Development on the Power Balance within the European Union

DOI

10.2991/978-94-6463-504-1_31How to use a DOI?

Keywords

Energiewende; Energy Transition; International Political Economy; European Union

Abstract

The Germany’s Energiewende, as examined within the Neoliberal Institutionalism framework, is the example of the power of cooperation and institutions helping to provide solutions beneficial for all the members of the EU in the energy sector. A few institutional changes have been made with regard to transition to renewable energy in Germany including increased energy efficiency and lowered CO₂ emission rate. By helping the analysis using Ordinary Least Squares (OLS) regression analysis on the above hypothesis and variables, the positive effect of investments in renewable energy and energy efficiency is demonstrated. Some of the countries which have invested highly in the use renewable energy especially renewable energy technologies like Germany have has enjoyed better energy efficiency. The break up by financial analysis presents a feasible solar energy investments in Germany through the IRR which stands at 8%. This paper explains how Germany has been an active player in norm diffusion in EU putting policies on energy in place, and advocating for international climate cooperation. Promising policy strategies with regard to energy transition entail improving the efficacy of this strategy, stepping up investment in renewable resources, fostering institutional collaboration and integrated markets among EU member states toward a sustainable energy mix.

Copyright

© 2024 The Author(s)

Open Access

Open Access This chapter is licensed under the terms of the Creative Commons Attribution-NonCommercial 4.0 International License (http://creativecommons.org/licenses/by-nc/4.0/), which permits any noncommercial use, sharing, adaptation, distribution and reproduction in any medium or format, as long as you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons license and indicate if changes were made.

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TY  - CONF
AU  - Ziwei Yin
AU  - Letao Han
AU  - Huiru Wu
PY  - 2024
DA  - 2024/08/31
TI  - Germany’s Energy Transition and International Political Economy: The Impact of Renewable Energy Development on the Power Balance within the European Union
BT  - Proceedings of the 2024 3rd International Conference on Information Economy, Data Modelling and Cloud Computing (ICIDC 2024)
PB  - Atlantis Press
SP  - 320
EP  - 331
SN  - 2352-538X
UR  - https://doi.org/10.2991/978-94-6463-504-1_31
DO  - 10.2991/978-94-6463-504-1_31
ID  - Yin2024
ER  -