Civil society and industry call for use of federal budget to finance renewables expansion

A broad alliance of trade unions, consumer, renewable, and industry associations has called on the future German government to use the federal budget to finance “at least parts of the Energiewende costs”. “We need a new financing system for the cost-efficient expansion of renewable energies that is socially fair and at the same time creates investment security for industry and paves the way to reach climate targets”, they write in a joint statement addressed to the political parties. For now, the renewables surcharge, paid by consumers with their electricity bills, is used to finance renewables expansion.

Download the statement in German here.

Find background in CLEW’s factsheet Germany ponders how to finance renewables expansion in the future.