Monday, May 29, 2023
HomeGerman NewsAustria’s new climate target: complete conversion to green electricity

Austria’s new climate target: complete conversion to green electricity

ØFor a long time, three-quarters of Austria’s electricity generation was based on climate-friendly electricity, mainly from hydropower. However, the expansion of wind and solar energy is progressing slowly. It should change now. By 2030, the remaining quarter should also come from renewable electricity, mainly from wind energy, solar energy, and even more hydropower.

Andreas Mihm

Business correspondent in Austria, Central and Eastern Europe, and Turkey based in Vienna.

One billion euros will flow into the expansion every year, which will be levied as a levy.This is the conclusion reached by the parliament in the voting of the ruling People’s Party and the Green Party and the opposition Social Democratic Party. pole Decided. A two-thirds majority vote is necessary because the law affects national rights.

SPÖ uses leverage to impose restrictions on the cost of low-income earners. Accordingly, those households that do not need to pay broadcasting fees are completely exempt from the green electricity tax. According to SPÖ, for those families who depend on social assistance and minimum pensions or are run by single women, the annual cost is limited to 75 euros. Approximately 550,000 households have benefited from it. Environment Minister Leonore Gewessler (Green Party) announced that the taxes for the remaining 3.5 million households will increase from the current average of nearly 100 Euros to around 114 Euros. According to industry insiders, Austrian households pay 21 cents per kilowatt hour, compared to almost 32 cents in Germany.

The expansion law is one of the main climate policy projects of the Vienna black and green government, which is deeply mired in domestic political turmoil. In fact, the Renewable Energy Expansion Law (EAG) should have been passed last year. Now Gewessler says: “The energy transition is beginning in Austria.” Magnus Brunner, your country’s secretary of state appointed by ÖVP, stated that a subsidy of 10 billion euros will trigger more than 30 billion euros of investment.

Source link


Most Popular

Recent Comments