Key Findings

The Energiewende is Germany’s largest post-war infrastructure project. It strengthens its economy and creates new jobs.

The economic benefits of the transition already today outweigh the additional cost over "business as usual". The switch to a highly efficient renewable energy economy will require large-scale investments. Already, global investments in renewables amount to at least 300 billion US$ despite falling wind and solar equipment prices. Renewables seem to cost more than conventional energy, but they are getting cheaper, making even coal power increasingly uncompetitive. Furthermore, fossil fuel remains highly subsidized, and the price of fossil fuel does not include any negative environmental impacts. By replacing energy imports with renewables, Germany’s trade balance will improve and its energy security will strengthen. Roughly 334,000 Germans already work in the renewables sector – far more than in the conventional energy sector. In the past few years, unemployment has reached an all-time low since German reunification in 1990. While some of these are manufacturing jobs, many others are in installing and maintenance. These jobs for technicians, installers, and architects were created locally and cannot be outsourced.