Lessons from renewable energy transitions in Germany and Japan
The Shirazi Foundation attended an event hosted by Brookings Institution titled, Lessons from renewable energy transitions in Germany and Japan. A panel of experts further explained how both countries are moving forward in terms of energy transition and energy transformation. Experts also stated that Germany has recently embarked on phasing out its Nuclear plants by 2020 and is taking steps toward tapping into new energy sources such as wind and solar power. Experts pointed to fluctuation and high capital cost and explained how it makes the energy transition to the new power system challenging. Before concluding it was mentioned that Japan has a vast renewable energy program and flexibility is the key paradigm of the future in terms of transitioning from electricity to solar and wind power.