Mixed progress of German energy transition – consultancy

Germany is still likely to miss key Energiewende goals, including its 2020 greenhouse gas reduction target, even as household power prices continue to rise, according to McKinsey’s bi-annual Energiewende-Index report. At 30.8 cents per kilowatt hour (ct/kWh), household power prices are "well above the EU average" of 20.5 ct/kWh, writes McKinsey. Industry power prices fell more than in other European countries, yet remained 13.4 percent above the European average. McKinsey judged the energy transition on 14 different indices, finding that Germany is only likely to meet its targets on five. Among them are employment in power-intensive industries and the renewables sector, and renewable power production. Germany has already reached its 2020 target of getting 35 percent of its electricity from renewable sources.

Find the press release in German here and detailed index data in German here.

For background on Energiewende targets read the CLEW factsheet Germany’s greenhouse gas emissions and climate targets.