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http://dx.doi.org/10.15266/KEREA.2016.25.1.061

A Study on Renewable Energy Policy and Sustainable Development Strategy: German Model and Implication  

Park, Sang-Chul (Graduate School of Knowledge based Technology and Energy, Korea Polytechnic University)
Publication Information
Environmental and Resource Economics Review / v.25, no.1, 2016 , pp. 61-87 More about this Journal
Abstract
Germany has carried out its environment friendly energy policy to prevent $CO_2$ emission that affects directly to the global warming phenomenon. Based on this direction, it has performed a sustainable development strategy through the R & D activities in environment and energy technologies. Accordingly, the core elements of German energy and sustainable development policies are renewable energy, ecological energy tax, and emission trading system. In particular, Germany has supported to develop renewable energy resources that prevents from consuming fossil energy resources. At the same time, it has set the ecological energy tax and initiated the emission trading system in order to support the renewable energy policy continuously. This paper analyze whether or not it is possible to generate an economic growth and a sustainable development while using renewable energy resources based on the renewable energy policy that minimize the negative effects on the environment. For that, the paper adopts Germany as a model country. In fact, it is possible to achieve the economic growth and the sustainable development if a nation can substitute increasing energy consumption for the economic growth to renewable energy resources that does not affect to the environment negatively. This model is the German energy policy and sustainable development strategy, and it is the purpose of the paper to prove it logically.
Keywords
Global warming; Energy policy; Sustainable development strategy; Renewable energy; Economic growth;
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