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Germany鈥檚 energy transition is no longer a political project that can be steered by the government as independent customers have started pushing ahead with the project themselves, E.ON鈥檚 CEO Johannes Teyssen said at a conference in Berlin. 鈥淭he times of paternalistic energy and climate policy are over,鈥� Teyssen said at business daily Handelsblatt鈥檚 annual energy industry conference. Digitalisation and technological progress in the energy industry allowed customers to organise their power supply individually and become independent of political or corporate control. The future of energy would 鈥渘o longer be made in party headquarters, ministries, government agencies鈥� or company headquarters, Teyssen explained.
The German government could not induce more energy transition any longer, nor was US President Donald Trump鈥檚 administration able to derail it, he added. Customers were going to decide how they want to balance low power prices and climate protection and all companies and politicians could do was to provide counsel. 鈥淎ffordable and decentralised storages can change energy structures of the future more than the most ambitious resolutions at climate conferences,鈥� Teyssen said. A key policy guideline for advancing climate protection would be a uniform CO₂-price tag as 鈥渘o other measure鈥� could achieve a greater emissions reduction at lower costs in the power sector, he added.
William M. Colton, vice president of US oil and gas corporation Exxon Mobil, said at the same conference that Germany鈥檚 Energiewende was an example of a top-down approach for climate protection that had caused power costs to rise. The US, on the other hand, had achieved an even greater emissions reduction at lower costs by an energy 鈥渞enaissance鈥� based on natural gas that had been achieved by the innovation capacity of freely operating companies. An 鈥渁ggressive鈥� approach to climate protection prevalent in many European countries could hamper the long-term growth prospects of the region, Colton warned.