The Prospects of Renewables Development in Germany

Student: Gostev Vladislav

Faculty: Faculty of World Economy and International Affairs

Educational Programme: World Economy (Bachelor)

Year of Graduation: 2017

The paper examines the renewable energy market in Germany from the standpoint of neo-liberalism. Prospects for the development of the market are forecasted with consideration of economic factors using the regression analysis method. The prerequisites for the accelerated development of certain renewable energy sources are considered, a forecast is made based on the variable effects of the use of these sources on the macroeconomic situation, due to differences in the economic efficiency of production of the corresponding energy. The work predicts the growth of renewable energy in Germany by 36% by 2025, which will be affected by GDP growth and expenditure on R&D, as well as changes in the price of oil and the EUR/RUB exchange rate. Solar and wind energy are considered as having the most potential from all renewable energy sources in Germany.

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