Nuclear power has been a major topic of energy policy debate in Germany since the 1950s, and it was a key issue in all energiewende discussions. The March 2011 closure of seven nuclear power plants (the oldest in Germany) sparked an intense debate over the economic effects this might have,...

The European Union has embarked on the transformation of its energy and electricity system to low-carbon energy sources, just like Germany and many other countries. This chapter analyzes the European strategy for low-carbon transformation in relation to specific aspects and features of the...

Both in the German energiewende and in the European low-carbon energy system transformation, infrastructure is generally considered as a conditio sine qua non: a necessary though not sufficient condition for a low-carbon economy - and one without which energy transformation may fail. At second...

Long-term scenarios of the low-carbon energy transformation in Europe are quite diverse. In this chapter, we provide a detailed discussion of scenarios leading to a far-reaching decarbonization of the European energy system to 2050. We use an updated version of the Global Energy System Model...

The energiewende "made in Germany" is a relatively recent phenomenon, yet with a long germination period, going back to the 1970s, and it has attracted broad interest in many spheres, including academia, industry, and policy making. The previous chapters have provided insights into specific...

In the face of interest rates having hit their zero lower bound in major economies, large-scale asset purchases have become an important weapon of central banks in recent years. It is, however, not clear whether and under which circumstances such policy measures produce the desired effects. This...