With all the doom and gloom scenarios of climate change, most countries are compelled to find a new path or begin new undertakings to adjust their economic development. They are doing so to limit the global average temperature rise to 2 degrees Celsius while ensuring their economies are still growing. In G8 countries - based on the G8 Climate Scorecard analysis published by WWF, Allianz and Ecofys, Germany, the United Kingdom (UK) and France rank highest for having slashed their greenhouse gas (GHG) emissions and met their Kyoto Protocol targets. Germany has successfully promoted new renewable energy sources and committed to an ambitious 40 percent GHG emissions reduction target by 2020. In the German power sector, guaranteed feed-in tariffs - a type of renewable energy incentive scheme - for electricity from renewable sources have led to a considerable increase in r...

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