New study: Expansion of renewable energies could save billions

1500 new wind turbines are required for climate protection every year
When new wind turbines are to be built, there are often protests. here, however, thousands of new wind turbines will be needed in the coming years, says the energy industry.

The energy association considers around 1500 new wind turbines on land to be necessary up to 2030 in order to be able to achieve climate targets.

“We need the turbo now,” said Kerstin Andreae, General Manager of the Federal Association of Energy and Water Management, At the same time, she called for reforms, for example in species protection, for more areas. In addition, the acceptance for wind turbines must be increased.

According to the Wind Energy Association, only 420 wind turbines were built last year. There are currently around 30,000 wind turbines here. From an industry perspective, the expansion of onshore wind power is hampered by lengthy planning and approval procedures. In addition, there are too few designated areas and many lawsuits for species protection reasons, for example. There are often protests against new wind turbines on site.

Increase acceptance of renewable energies

From the perspective of the Federal Association of Energy and Water Management, an increase in the installed capacity to 100 gigawatts for onshore wind power is required for the 2030 climate targets. At the end of 2020, the installed capacity was around 55 gigawatts. “In order to achieve climate neutrality by 2045, we need an additional 1,500 wind turbines per year by 2030.”, said Andreae. Much will happen through repowering – new wind turbines replace old ones, but the new ones can generate a lot more electricity. Although there are simplifications for planning and approvals, that is not enough.

The acceptance for the expansion of renewable energies must be further increased. The financial participation of local authorities in wind farms is very important. “In my opinion, the importance of local value creation is greatly underestimated,” said Andreae. “We are in an economic phase in which we need a signal to start.” These are also projects in renewable energies.

“Gap between climate goals and the required framework”
Politicians recently raised climate targets. This was also a reaction to the ruling by the Federal Constitutional Court, which basically said: drastic steps to reduce emissions must not be put on the back burner at the expense of the younger generation.

But Andreae criticized: “There is a gap between the climate targets and the required framework. The companies are committed to the goal of climate neutrality. ”The economy no longer discusses whether and when, but how. “But she needs a toolkit in order to achieve the goals. Climate protection needs goals, but it can only come about through investments. ”The energy industry is at the heart of this transformation.

“When it comes to renewable energies, many companies are in the starting blocks. They could implement wind projects, they have strategies for bringing solar energy to the roofs. However, the framework conditions must be improved. ”The decisive factor in renewable energies is the areas. There are too few designated areas. In addition, planning and approval procedures would have to be significantly accelerated.

Agreement with conservationists

Andreae called for reforms. “Species protection is the protection of the species. If we don’t manage the energy turnaround, the negative consequences such as the dryness of the forests and other climate changes will endanger many species as a whole. That means we have to find a regulation that puts the protection of the species in the foreground, but not the protection of each individual bird. ”The Federal Association of Energy and Water Management is in intensive discussions with the nature conservation associations.

From the point of view of companies and the industry, a standardization of species protection law would be helpful, so that there are at least the same regulations in all federal states and not 16 different sets of rules in 16 federal states. The federal states would have to exhaust their leeway for more space. “That doesn’t mean to discuss minimum clearances again, it means to find clever solutions for the urgently needed space.”

The energy transition should create added value

The expansion of offshore wind power and photovoltaics must also be accelerated. “If the increased climate targets can also be achieved, we must all do a real sprint together,” said Andreae. “You no longer do that with simple trainers, you have to use trainers with spikes.”

There would be no energy transition without the expansion of renewable energies. “We have to make it much clearer that the energy transition is a promising future project. The chances are not only that we achieve climate neutrality, but that the energy transition can create additional local value and enable a clean and safe energy supply and the expansion of renewable energies could save billions.


European stock markets ended lower on Tuesday and Wall Street was also moving in the red, penalized by mixed results from companies in Europe and a wait-and-see environment linked to the two-day meeting of the US Federal Reserve, while weights heavyweights in the United States must publish their financial accounts in the evening.

In Paris, the CAC 40 ended down -0.71% to 6,531.92 points. The British Footsie fell by -0.42% and the German Dax fell -0.64%.

The EuroStoxx 50 index lost -0.92%, the FTSEurofirst 300 -0.57% and the Stoxx 600 -0.54%.

The attention of investors is mainly focused on the meeting Tuesday and Wednesday of the Monetary Policy Committee (FOMC) of the Fed, after which the central bank could give indications on the high level of inflation and its program. asset repurchases.

In the meantime, the International Monetary Fund (IMF) on Tuesday confirmed its forecast for global economic growth of 6% for 2021, raising its estimates for the United States and the euro zone but revising downwards those for several countries in development, facing a resurgence of the COVID-19 epidemic. The forecast for France is 5.8% this year.


At the time of the close in Europe, the Dow Jones was down 1.98%, the Standard & Poor’s 500 by 0.72% and the Nasdaq by 0.42% after all three finished the day before on all-time highs for a second. consecutive session.

Investors are therefore now cautious before the publication in the evening of the results of heavyweights of the rating such as Apple, Microsoft or Alphabet. Amazon will release on Thursday.

For Randy Frederick, head of the Schwab Center for Financial Research, the markets will be on a wait-and-see basis until the publication of some of these results, especially as expectations are high because the results compare to 2020, a full year. COVID-19 pandemic.

Tesla is down more than 3%, despite better-than-expected second-quarter results, as the U.S. automaker said component shortages remained a major cause for concern.


In Europe, the session was driven mainly by a salvo of mixed results, although China’s regulatory backlash against several sectors, including education and technology, continued to heckle the markets.

On the Stoxx 600, only three sector indices escaped the slump with very small gains.

Among the companies that published Monday evening, the world number one in luxury LVMH reported an 84% jump in its second-quarter sales organically, to 14.7 billion euros, thanks to the Louis Vuitton and Dior brands . The title, very volatile during the session, however ended down 0.56%.

Dassault Systèmes (+ 1.32%) finished at the top of the CAC 40 after the upward revision of its growth forecasts for this year.

On the SBF 120, Lagardère (+ 8.12%) was driven by its results, while at the other end of the spectrum Worldline (-8.91%) posted the largest drop.

In London, Reckitt Benckiser, at the back of the FTSE, fell 8.43%, also signing one of the biggest pullbacks of the Stoxx 600, along with Randstad (-6.04%) in Amsterdam and Logitech (- 9.86%) in Zurich following the publication of their results.

In mergers and acquisitions, two sources familiar with the matter reported that the owners of Europcar Mobility Group were in advanced negotiations with Volkswagen with a view to the takeover of the first by the second. The French vehicle rental specialist finished with a gain of 3.72%, while the German manufacturer fell 2.13%.


Pending announcements from the Fed’s meeting, the ten-year Treasuries yield fell four basis points to 1.2344%, a sign of investor caution.

Its German equivalent, a benchmark on the European market, is virtually stable at -0.443%.


The dollar index fell 0.28% against a benchmark basket, while the euro rose above $ 1.18.


On the oil market, prices are hesitant with a barrel of Brent stable at 74.34 dollars, while that of US light crude fell to 71.63 dollars.


End of Federal Reserve FOMC meeting, monetary policy release at 8:00 p.m. and press conference at 8:30 p.m.

El-Erian fears the Fed misjudges the risk of inflation

The US Federal Reserve considers the rise in US consumer prices to be a temporary phenomenon. Market expert Mohamed El-Erian fears that the central bank is too relaxed about the inflation risk.

The inflation rates are increasing in the industrialized countries, the price increase is particularly strong in the USA. Consumer prices there climbed to five percent in May, the highest annual rate in almost 13 years. Producer prices also rose by 6.6 percent. This makes many investors nervous – in contrast to other observers. The US Federal Reserve (Fed) considers the sharp rise in the inflation rate to be a temporary phenomenon. Mohamed El-Erian, on the other hand, chief economic advisor at Allianz Insurance, is more critical of the whole thing. “Every day I see evidence that the inflation is not temporary,” he said according to the portal “” to the television channel “CNBC”.

The market expert expresses concerns that the Fed could fall into a fatal deficit, which it will then have to frantically eliminate. “History makes you very uneasy when you end up in a world where the Fed has to catch up,” says El-Erian. He assumes grave consequences if the central bank fails to take action in time. If necessary, the monetary authorities would have to adjust their monetary policy abruptly and raise interest rates earlier than planned. The Fed currently wants to increase the key interest rate in two steps by 2023. “If you were to actually look at the inflation figures, you would begin to have serious doubts about how fleeting the inflation is,” stresses market expert El-Erian.

Temporary imbalance

As long as the Fed holds on to its belief that inflation is a transitory phenomenon, that belief would matter to markets. A large part of the price increases recently occurred in industries that are of enormous importance for the recovery of the US economy, reports “”. This includes the prices for used cars, air travel and hotel accommodation. The Fed justifies the increases with a temporary imbalance between supply and demand.