The “Energiewende“ is of great importance for the energy supply as well as the economic development in Germany. The study at hand supports a political risk management focusing on unexpected or unlikely events (so-called “Black Swans”) and their effects in energy policy and macroeconomy as a whole. Building on this, it has the goal to analyse which (political) precautionary and reaction measures exist. As such, the main task of this study is to identify the principal risks arising from and to the “Energiewende”, in particular the deployment of renewable energies, and to analyse their effects.
