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Josef Auer

More documents written by Josef Auer

27 (25-27)
November 26, 2013
Region:
25
The expansion of renewables, while a worthy long-term goal, is presently jeopardising German competitiveness. To prevent this, the Energiewende – i.e. energy turnaround or transformation – must be implemented more efficiently. We welcome government plans to impose a minimum levy on new systems for captive generation. To ensure the levy doesn’t also rise unsustainably, the subsidies should gradually be phased into market-based price and volume mechanisms. The government should tighten exceptions to the levy, while continuing to shield the energy-intensive companies most vulnerable to international competition. [more]
November 15, 2013
Region:
26
German industry is showing first signs of recovery. In view of the large statistical underhang of 1.6% from the year 2012, we expect, however, that industrial production will only stagnate in the current year. In 2014, industrial activity will continue to increase (+4%). The upswing is associated with stronger growth in important foreign markets of German industrial companies, especially in the US and – to a lower extent – in China. The EMU countries will also register positive GDP growth again, so exports will give a boost to the economy. This supports e.g. the automotive industry, electrical engineering and mechanical engineering. [more]
July 16, 2013
Analyst:
27
The traditional, global power plant order is in a state of flux for a myriad of reasons. There is no doubt that in the days following Fukushima it was premature to predict a rapid end to the peaceful use of nuclear energy. Over the next 20 years the newly erupted gas vs. coal contest in the electricity market will not produce a single “global winner”. Whereas in the US gas continues to assert its dominance, in Asia coal remains the no. 1 source of energy. The power generation landscape is becoming more colourful: while Germany is banking on renewables, France is sticking with nuclear power generation and other nations retain their preference for coal. The continuing increase in the thirst for electricity over the next 20 years provides sufficient scope for the coexistence of the most diverse power generation alternatives. [more]
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