Thermal Energy AG

The growth of the world economy and the rapid industrialisation of the new developing economies, during the last two decades have led directly to a greater global demand for energy. Two factors, certainly since the turn of the century, have set the agenda for strategic energy political policy. The first is the dwindling reserve levels of fossil fuels and the need for alternatives. The second is the growing socio-political awareness of the impact fossil and nuclear fuels have on the global environment. These two factors have combined in re-defining the energy strategy of the world’s major economies. This can be evidenced by Germany’s decision to move totally away from nuclear power by 2022, and its decision to legislate for an improved renewable energy feed-in tariff structure for 2012 (Erneuerbare Energie Gesetz – EEG). By international agreement, targets have been set and ratified between governments towards a greater development and reliance on renewable energy sources.