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The Hidden Power of Local Finance

While Berlin debates capacity markets and new grid infrastructure, local players like those in the southern city of Freiburg continue to make Germany’s energy transition – or Energiewende – happen. Local financial institutions play a crucial role in this. They operate within national level incentive systems but unleash potentials far beyond the mere provision of capital. According to Sebastian Philipps, local German stakeholders can offer climate finance cases that deserve a closer look, also from an international perspective. Should Germany’s national decision makers thus pay closer attention to local developments if they want to keep the Energiewende going?

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Change or transformation?

40 years after the upheaval of the 1973 oil crisis the energy transformation has entered the global lexicon, perhaps most famously through the German term “Energiewende”. Both devastating and inspiring, the 1973 oil crisis presented an opportunity to make a change. Like the Fukushima Daiichi nuclear disaster in March 2011, it opened a rare door through which public opinion and policy makers could meet with the common purpose of emerging from a crisis. Looking back today, Aurelia Rochelle Figueroa identifies the 1973 oil crisis can be seen as a turning point in the energy policy debate and the genesis of the ongoing energy transformation.

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Happy holidays from the depths of Germany’s “winter gap”!

In his last post of 2013, Craig Morris addresses his readers who have accused him of “cherry picking” over the year. He says the fruit from the top tastes the best. We just hope he doesn’t hurt himself up there – and that you don’t either when you’re putting the last decoration atop your Christmas tree. Best wishes for 2014 from all of us at EnergyTransition.de!

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