23 Nov '11, 2pm

Feed-in Tariffs: The Proven Road NOT Taken…Why?

Feed-in Tariffs: The Proven Road NOT Taken…Why?

The FIT concept is proven, as it has worked far above expectations in Germany for the past 10 years. Germany set a 2010 target of 12.5 percent share of renewable energy in electric generation in 2000. They surpassed that goal in late 2007 with 15.1 percent share. That exceeded their schedule by two years and 20 percent — and Germany receives half the amount of sunlight as the U.S. on average. FIT’s pay for themselves in less than one year, in 2008 Germany expended €3.2 billion for its national FIT program. The German Federal Ministry for the Environment calculated its return as follows:€7.8 billion from reduced amounts of fossil and nuclear fuels purchased €9.2 billion saved from the avoidance of external costs External costs are those that the German government calculates to take account of the avoided costs of using renewables verses fossil fuels such as: damage resultin...

Full article: http://www.renewableenergyworld.com/rea/news/article/2011...

Tweets

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