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July 18, 2013
By: Craig Morris / renewables international

DIW says EU overestimates cost of renewables


Yesterday, Germany's premier economic research institute published a study criticizing EU estimates of the cost of nuclear, carbon capture and storage, and photovoltaics. The DIW says PV is already less expensive than the EU's projection for 2050.

 

The new study (PDF in German) does not beat around the bush: "Nowhere in the world has a nuclear plant ever been built under free-market conditions, with various types of subsidies having been offered," explains Christian von Hirschhausen, research director at the DIW. But perhaps "study" is the wrong word; the new publication is a critique of the European Commission's "2030 framework for climate and energy policies" published only last March along with the Energy Roadmap 2050, published in December 2011.

 

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