Germany aims to rely solely on renewable energy for electricity by 2035.

The shutdown of nuclear power plants aims to increase safety and reduce radioactive waste.

The shutdown has sparked criticism due to the increased reliance on coal-fired power.

Germany's environment ministry seeks a final repository for high-level radioactive waste and permanent solutions for lower-level waste.

Germany accelerated its nuclear phaseout after the 2011 Fukushima accident.

The country's energy market faces challenges, including a potential gas shortage and reliance on polluting fuels.

The Russian-Ukrainian war has put Germany's energy supply at risk of a gas shortage.

Germany's energy regulator says gas consumption must be cut by 20 percent to avoid a shortfall this winter and next.

Germany will reduce gas and power consumption over two years by measures including lowering public building temperatures.

Experts argue that money spent on reactors would be better spent on cheap renewable energy.

Others believe nuclear power is a clean source of energy with manageable risks.

The shutdown of nuclear power plants poses risks including radioactive waste disposal, energy disruptions, and potential area evacuations.

Germany plans to use natural gas as a 'bridge technology' until non-polluting energy sources are available.

The country aims for 80% renewables by 2030, currently at 41%, with coal and gas making up 28% and 15% respectively.

64% of Germans, including 40% of Green Party voters, support restarting nuclear power plants to boost energy supply and lower prices.

Restarting nuclear power plants in Germany could reduce carbon emissions by 2.5-3 million tons annually.

The German Technical Supervision Association found the nuclear power plants to be in good condition after a March inspection, requiring only limited further testing to restart.

The German government is criticized for delaying nuclear plant restarts, despite experts saying safety checks can be done quickly and old fuel rods can still be used.

The Green Party's influence drives the country's energy policy decisions as part of the current coalition government.

The Russian-Ukrainian war has highlighted Germany's need to diversify its energy sources.

Germany relies on Russia for 55% of its gas imports.

The German government introduced the Renewable Energy Act to promote solar and wind power.

Germany faces challenges like a lack of skilled workers, insufficient grid capacity, and high energy costs hindering its transition to a low-carbon economy.

The country's focus on hydrogen energy is being closely watched for its potential to reduce greenhouse gas emissions.

A third of German manufacturers may move production abroad due to economic troubles.

German manufacturers considering relocation have doubled since 2022.

High energy prices, worsened by Germany's 2022 loss of Russian natural gas, are a major cause of problems for companies.

Germany's switch to renewables has put manufacturers at a disadvantage compared to other nations.

Miele, Viessmann, Volkswagen, and BASF are among companies relocating or investing in production outside Germany.

The EU has reclassified nuclear power and natural gas projects as green investments.

The reclassification will make it easier for companies to secure funding.

Germany's parliament has approved extending three nuclear power plants until April 2023.

Extending nuclear power plants may reduce energy shortages, but not high prices.

Extending the operation of nuclear power plants could be costly, requiring new fuel and maintenance.

Extending nuclear power plant operations is seen as a short-term solution to the energy crisis.

Germany's long-term energy plan remains uncertain, pending alternative energy developments.

Germany aims to generate 80% of its electricity from renewables by 2030 and achieve climate neutrality by 2045.

Germany plans to increase its onshore wind power capacity by 10 GW per year, despite facing significant challenges in achieving its wind power goals.

Germany's renewable energy sector is hindered by limited transmission capacity, with grid upgrades estimated to cost around 15 billion euros.

The German government's budgetary challenges are hindering its planned purchase of TenneT's German business, which could help address grid capacity issues.

Budget constraints have led to subsidy cuts and farmer protests, underscoring the need for stable renewable energy funding.

Germany has set ambitious renewable energy targets, but achieving them is time-sensitive and will require significant investment in areas like electric vehicles.

The EU and Germany aim to achieve climate neutrality by 2035 and 2045, respectively, requiring a rapid transition to electric vehicles.

Germany may face a 4-gigawatt power shortage by 2025 due to the phase-out of nuclear and coal power.

The country's increasing electricity consumption and phasing out of reliable power plants raise concerns about energy system stability.

Germany may face around 100 power supply interruptions by 2030, lasting up to 21 hours.

A power supply shortage of 4 gigawatts is expected in 2025, rising to 30 gigawatts by 2030.

The German Bundestag approved the operation of the country's three remaining nuclear power plants until April 15, 2023.

Germany's power supply will remain reliable, but the phase-out of nuclear and coal power may impact the energy market.

The Russian-Ukrainian war has caused an energy crisis in Germany, hindering its climate goals.

Germany's energy transition has been ongoing for decades, with around 46% of its energy coming from renewable sources.

Germany's energy transition is hindered by its unstable and inefficient energy grid, particularly in transporting energy from north to south.

High energy costs are a significant challenge for German businesses, especially small and medium-sized enterprises.

Germany relies heavily on China for solar panels, importing around 95%.

The German government has introduced a €900 billion energy package and a hydrogen plan to support the energy transition.

Germany still faces significant challenges in achieving its energy transition goals due to underinvestment in grid infrastructure and insufficient international cooperation.

The European Commission has classified gas and nuclear power as climate-friendly, amid protests from Germany, Austria, and environment campaigners.

The EU taxonomy includes gas and nuclear power to support a low-carbon future.

Nuclear power has low carbon emissions, but is controversial due to waste and accident risks.

The EU taxonomy considers gas-fired plants green if they meet emissions caps, replace coal facilities, and plan to switch to low-carbon sources by 2035.

Germany needs gas to replace nuclear power, whereas France relies on atomic power.

The European Commission made technical adjustments to the taxonomy, including rule changes for gas and nuclear.

Germany's greenhouse gas emissions decreased by 10.1% in 2023.

The country is on track to reduce emissions by 65% by 2030, relative to 1990 levels.

Emissions have decreased due to the expansion of renewables and a shift away from coal and gas.

Germany emitted 673 million tons of greenhouse gases in 2023.

The country's transport sector needs advancements in electric mobility and subsidy reforms to sustain emission reduction.

Germany aims to achieve net-zero emissions by 2045 through renewable energy.

Germany's expansion of solar and wind power has driven emissions down and positioned it as a leader in renewable energy.

The European Commission estimates that Europe will need to invest €1.5 trillion annually from 2031 to 2050 to achieve its greenhouse gas emission targets.

This investment equals 10% of the EU's 2022 GDP annually.

The Commission's report claims inaction would cost more than €1.5 trillion annually, while the European plan could save up to 1% of GDP per year.

The polar regions are warming three times faster than the rest of the world, with the Arctic warming up to seven times faster.

Arctic sea ice has decreased by about 50% since 1971.

Arctic sea ice melting may increase global warming by 25-40% if the region's snow and ice disappear.

Polar warming is linked to extreme weather events like storms, droughts, fires, and flooding.

Arctic warming is estimated to have global socio-economic and ecological impacts in the billions of dollars per year until 2050.

Reducing emissions and investing in clean energy can help mitigate climate change.

Germany plans to phase out coal by 2030 at an estimated cost of $46.2 billion.

The European Union has allocated over $92.9 billion to support coal-dependent regions and clean energy infrastructure.

The International Energy Agency says a well-managed transition to renewables could create over 30 million clean energy jobs by 2030.

Renewable energy employment reached 12.7 million in 2022, up over 700,000 jobs.

The Paris Climate Agreement requires countries to consider a Just Transition, decent work, and quality jobs aligned with national development priorities.

Inaction on climate change costs more than decarbonization.

Climate change poses greater risks than previously known, with rising sea levels and extreme weather events causing growing loss and damage.

Zero-carbon electricity is now cheaper than fossil fuels in many areas.

The transition to net-zero emissions can help reduce air pollution, which kills about 7 million people worldwide annually.

The UK has cut greenhouse gas emissions by 44% since 1990, despite a 78% economic expansion.

The UK aims to reach net-zero by 2050.

UK climate action could boost the economy, according to the Treasury.

A 2% of GDP annual investment increase could drive G7 countries' growth and accelerate their transition to a zero-carbon economy.

Germany aims to rely solely on renewable energy for electricity by 2035.

Title:

Content: Chairman of the Board of Directors and Editors
I'm sorry.
Mohamad Elbaz
Chairman of the Board of Directors and Editors
I'm sorry.
Mohamad Elbaz
EXPRESS: Germany ’ s exit from atomic energy sector affects Europe ’ s largest economy
Germany ’ s closure of the country ’ s last three nuclear reactors and its eventual exit from the atomic energy sector raises concerns about the impact of the decision on the European Union ’ s largest economy.
Germany ’ s action could deal a blow to the technology they see as a clean and reliable alternative to fossil fuels.
Berlin is implementing its plan to limit electricity generation to renewable sources by 2035.
Earlier this week, Germany shut down its last three nuclear power plants as part of Berlin's plan to limit power generation to renewables by 2035, ending a six-decade programme that has sparked one of Europe's most powerful protest movements.
Other industrialized countries, such as the United States, Japan, China, France and Britain, rely on nuclear power to replace the fossil fuels that are warming the planet, and Germany ’ s decision to stop using both has been met with some skepticism, as well as unsuccessful last-minute calls to halt the shutdown, the report said.
Nuclear energy advocates around the world have criticized the German shutdown, realizing that the action taken by Europe ’ s largest economy could deal a blow to technology they see as a clean and reliable alternative to fossil fuels.
The German government has acknowledged that in the short term, the country will have to rely more on polluting coal and natural gas to meet its energy needs, even as steps are taken to dramatically increase electricity production from solar and wind power, and Germany aims to be carbon neutral by 2045.
But officials like German Environment Minister Stevie Lemke say the idea of a nuclear renaissance is a myth, citing data showing that the share of atomic energy in global electricity production is shrinking.
The construction of new nuclear plants in Europe has faced significant delays and cost overruns.
Limki noted that the construction of new nuclear plants in Europe has faced significant delays and cost overruns, and said the money spent on maintaining old reactors or building new ones would be better spent on installing cheap renewables.
Experts such as Claudia Kemfert of the German Institute for Economic Research in Berlin say the 5% share of German electricity currently coming from its three remaining reactors can be easily replaced without risking power outages.

The shutdown of nuclear power plants aims to increase safety and reduce radioactive waste.

Title:

Content: Three nuclear-fired power plants will be taken off the grid in Germany on Friday as part of the country's plan to end atomic power.

"The nuclear phaseout makes our country safer and helps to avoid radioactive waste," said Federal Environment and Nuclear Safety Minister Steffi Lemke.

"It is now essential to ... advance the search for a final repository for high-level radioactive waste as well as permanent solutions for low- and medium-level radioactive waste," the environment ministry said.

Former German Chancellor Angela Merkel speeded up the phaseout following the 2011 Fukushima accident in Japan.

Friday's shutdown affects power plants in Brokdorf in Schleswig-Holstein, Grohnde in Lower Saxony and Gundremmingen C in Bavaria.

Germany's remaining three nuclear plants — Emsland in Lower Saxony, Isar 2 in Bavaria and Neckarwestheim 2 in Baden-Württemberg — will be closed by the end of 2022 "at the latest," the environment ministry said.

"Since 2011, Germany has been drawing a line under a highly problematic technology in an orderly, reliable process," Lemke said.

Nuclear accounts for about 10 percent of Germany's electricity production. The shutdown has sparked criticism as Germany will have to dramatically ramp up renewable energy and has also increased its reliance on highly polluting coal-fired power.

"Security of supply in Germany continues to be guaranteed," said Robert Habeck, federal climate and economy minister. He added that reliable and "sustainably generated electricity" is a "central requirement for aligning our economy and industry toward climate neutrality."

That stance puts Berlin at loggerheads with France, where nuclear is the largest element of its energy mix (and also helps supply Germany).

EU Internal Market Commissioner Thierry Breton said in September that existing nuclear plants, which provide low-carbon electricity essential to the green transition, can be kept running "for two, five, 10 years," adding: "Why deprive ourselves of this production capacity?"

France is planning to scale down the share of nuclear in its electricity mix from 75 percent to 50 percent by 2035, but President Emmanuel Macron said in November that France "will restart the construction of nuclear reactors" while "continuing to develop renewable energies."

Macron also said France will invest €1 billion into research and development, notably into small modular reactors.

Belgium recently decided to shut down all its nuclear power plants by 2025, but plans to invest €100 million in new generation nuclear reactors and research.

More from ... Louise Guillot

The shutdown has sparked criticism due to the increased reliance on coal-fired power.

Title:

Content: Three nuclear-fired power plants will be taken off the grid in Germany on Friday as part of the country's plan to end atomic power.

"The nuclear phaseout makes our country safer and helps to avoid radioactive waste," said Federal Environment and Nuclear Safety Minister Steffi Lemke.

"It is now essential to ... advance the search for a final repository for high-level radioactive waste as well as permanent solutions for low- and medium-level radioactive waste," the environment ministry said.

Former German Chancellor Angela Merkel speeded up the phaseout following the 2011 Fukushima accident in Japan.

Friday's shutdown affects power plants in Brokdorf in Schleswig-Holstein, Grohnde in Lower Saxony and Gundremmingen C in Bavaria.

Germany's remaining three nuclear plants — Emsland in Lower Saxony, Isar 2 in Bavaria and Neckarwestheim 2 in Baden-Württemberg — will be closed by the end of 2022 "at the latest," the environment ministry said.

"Since 2011, Germany has been drawing a line under a highly problematic technology in an orderly, reliable process," Lemke said.

Nuclear accounts for about 10 percent of Germany's electricity production. The shutdown has sparked criticism as Germany will have to dramatically ramp up renewable energy and has also increased its reliance on highly polluting coal-fired power.

"Security of supply in Germany continues to be guaranteed," said Robert Habeck, federal climate and economy minister. He added that reliable and "sustainably generated electricity" is a "central requirement for aligning our economy and industry toward climate neutrality."

That stance puts Berlin at loggerheads with France, where nuclear is the largest element of its energy mix (and also helps supply Germany).

EU Internal Market Commissioner Thierry Breton said in September that existing nuclear plants, which provide low-carbon electricity essential to the green transition, can be kept running "for two, five, 10 years," adding: "Why deprive ourselves of this production capacity?"

France is planning to scale down the share of nuclear in its electricity mix from 75 percent to 50 percent by 2035, but President Emmanuel Macron said in November that France "will restart the construction of nuclear reactors" while "continuing to develop renewable energies."

Macron also said France will invest €1 billion into research and development, notably into small modular reactors.

Belgium recently decided to shut down all its nuclear power plants by 2025, but plans to invest €100 million in new generation nuclear reactors and research.

More from ... Louise Guillot

Germany's environment ministry seeks a final repository for high-level radioactive waste and permanent solutions for lower-level waste.

Title:

Content: Three nuclear-fired power plants will be taken off the grid in Germany on Friday as part of the country's plan to end atomic power.

"The nuclear phaseout makes our country safer and helps to avoid radioactive waste," said Federal Environment and Nuclear Safety Minister Steffi Lemke.

"It is now essential to ... advance the search for a final repository for high-level radioactive waste as well as permanent solutions for low- and medium-level radioactive waste," the environment ministry said.

Former German Chancellor Angela Merkel speeded up the phaseout following the 2011 Fukushima accident in Japan.

Friday's shutdown affects power plants in Brokdorf in Schleswig-Holstein, Grohnde in Lower Saxony and Gundremmingen C in Bavaria.

Germany's remaining three nuclear plants — Emsland in Lower Saxony, Isar 2 in Bavaria and Neckarwestheim 2 in Baden-Württemberg — will be closed by the end of 2022 "at the latest," the environment ministry said.

"Since 2011, Germany has been drawing a line under a highly problematic technology in an orderly, reliable process," Lemke said.

Nuclear accounts for about 10 percent of Germany's electricity production. The shutdown has sparked criticism as Germany will have to dramatically ramp up renewable energy and has also increased its reliance on highly polluting coal-fired power.

"Security of supply in Germany continues to be guaranteed," said Robert Habeck, federal climate and economy minister. He added that reliable and "sustainably generated electricity" is a "central requirement for aligning our economy and industry toward climate neutrality."

That stance puts Berlin at loggerheads with France, where nuclear is the largest element of its energy mix (and also helps supply Germany).

EU Internal Market Commissioner Thierry Breton said in September that existing nuclear plants, which provide low-carbon electricity essential to the green transition, can be kept running "for two, five, 10 years," adding: "Why deprive ourselves of this production capacity?"

France is planning to scale down the share of nuclear in its electricity mix from 75 percent to 50 percent by 2035, but President Emmanuel Macron said in November that France "will restart the construction of nuclear reactors" while "continuing to develop renewable energies."

Macron also said France will invest €1 billion into research and development, notably into small modular reactors.

Belgium recently decided to shut down all its nuclear power plants by 2025, but plans to invest €100 million in new generation nuclear reactors and research.

More from ... Louise Guillot

Germany accelerated its nuclear phaseout after the 2011 Fukushima accident.

Title:

Content: Three nuclear-fired power plants will be taken off the grid in Germany on Friday as part of the country's plan to end atomic power.

"The nuclear phaseout makes our country safer and helps to avoid radioactive waste," said Federal Environment and Nuclear Safety Minister Steffi Lemke.

"It is now essential to ... advance the search for a final repository for high-level radioactive waste as well as permanent solutions for low- and medium-level radioactive waste," the environment ministry said.

Former German Chancellor Angela Merkel speeded up the phaseout following the 2011 Fukushima accident in Japan.

Friday's shutdown affects power plants in Brokdorf in Schleswig-Holstein, Grohnde in Lower Saxony and Gundremmingen C in Bavaria.

Germany's remaining three nuclear plants — Emsland in Lower Saxony, Isar 2 in Bavaria and Neckarwestheim 2 in Baden-Württemberg — will be closed by the end of 2022 "at the latest," the environment ministry said.

"Since 2011, Germany has been drawing a line under a highly problematic technology in an orderly, reliable process," Lemke said.

Nuclear accounts for about 10 percent of Germany's electricity production. The shutdown has sparked criticism as Germany will have to dramatically ramp up renewable energy and has also increased its reliance on highly polluting coal-fired power.

"Security of supply in Germany continues to be guaranteed," said Robert Habeck, federal climate and economy minister. He added that reliable and "sustainably generated electricity" is a "central requirement for aligning our economy and industry toward climate neutrality."

That stance puts Berlin at loggerheads with France, where nuclear is the largest element of its energy mix (and also helps supply Germany).

EU Internal Market Commissioner Thierry Breton said in September that existing nuclear plants, which provide low-carbon electricity essential to the green transition, can be kept running "for two, five, 10 years," adding: "Why deprive ourselves of this production capacity?"

France is planning to scale down the share of nuclear in its electricity mix from 75 percent to 50 percent by 2035, but President Emmanuel Macron said in November that France "will restart the construction of nuclear reactors" while "continuing to develop renewable energies."

Macron also said France will invest €1 billion into research and development, notably into small modular reactors.

Belgium recently decided to shut down all its nuclear power plants by 2025, but plans to invest €100 million in new generation nuclear reactors and research.

More from ... Louise Guillot

The country's energy market faces challenges, including a potential gas shortage and reliance on polluting fuels.

Title:

Content: Three nuclear-fired power plants will be taken off the grid in Germany on Friday as part of the country's plan to end atomic power.

"The nuclear phaseout makes our country safer and helps to avoid radioactive waste," said Federal Environment and Nuclear Safety Minister Steffi Lemke.

"It is now essential to ... advance the search for a final repository for high-level radioactive waste as well as permanent solutions for low- and medium-level radioactive waste," the environment ministry said.

Former German Chancellor Angela Merkel speeded up the phaseout following the 2011 Fukushima accident in Japan.

Friday's shutdown affects power plants in Brokdorf in Schleswig-Holstein, Grohnde in Lower Saxony and Gundremmingen C in Bavaria.

Germany's remaining three nuclear plants — Emsland in Lower Saxony, Isar 2 in Bavaria and Neckarwestheim 2 in Baden-Württemberg — will be closed by the end of 2022 "at the latest," the environment ministry said.

"Since 2011, Germany has been drawing a line under a highly problematic technology in an orderly, reliable process," Lemke said.

Nuclear accounts for about 10 percent of Germany's electricity production. The shutdown has sparked criticism as Germany will have to dramatically ramp up renewable energy and has also increased its reliance on highly polluting coal-fired power.

"Security of supply in Germany continues to be guaranteed," said Robert Habeck, federal climate and economy minister. He added that reliable and "sustainably generated electricity" is a "central requirement for aligning our economy and industry toward climate neutrality."

That stance puts Berlin at loggerheads with France, where nuclear is the largest element of its energy mix (and also helps supply Germany).

EU Internal Market Commissioner Thierry Breton said in September that existing nuclear plants, which provide low-carbon electricity essential to the green transition, can be kept running "for two, five, 10 years," adding: "Why deprive ourselves of this production capacity?"

France is planning to scale down the share of nuclear in its electricity mix from 75 percent to 50 percent by 2035, but President Emmanuel Macron said in November that France "will restart the construction of nuclear reactors" while "continuing to develop renewable energies."

Macron also said France will invest €1 billion into research and development, notably into small modular reactors.

Belgium recently decided to shut down all its nuclear power plants by 2025, but plans to invest €100 million in new generation nuclear reactors and research.

More from ... Louise Guillot

Title:

Content: 11 Feb, 2024 13:59

German industry ‘moving abroad’ – Bild

A growing number of manufacturers are relocating operations outside the country, an industry lobby warns

One in three German manufacturers is considering moving production to other countries amid economic troubles, double the number recorded in 2022, Bild news outlet reported on Saturday, citing Siegfried Russwurm, the head of the Federation of German Industries (BDI).

According to the report, among the latest firms planning to relocate is household appliance manufacturer Miele, which plans to cut 2,000 jobs in Germany and move 700 positions to its site in Poland. Heating manufacturer Viessmann had already moved 3,000 jobs to Poland.

Volkswagen said last year that it would build a new battery factory in the US, and BASF announced plans to invest €10 billion in a petrochemicals plant in China amid job cuts at its headquarters in Germany. French steel pipe manufacturer Vallourec shut down production in Germany in September last year, while tiremaker Michelin and its US rival Goodyear said they would also close their German plants by the end of 2025.

Russwurm says that a growing number of companies have reported that their “patience with Germany is at an end.” According to him, the slowdown in economic growth and high rates of inflation, especially with regard to energy, have resulted in less investment, and Berlin lacks a strategy to turn the situation around. This in turn leads to a gradual decline in manufacturing, he said, and while existing production lines may continue to operate for a while, “new ones are no longer being built in Germany.”

Many companies point to the high energy prices, which soared after Germany lost access to Russian natural gas in 2022, as one of the major causes of their problems. This was exacerbated by Berlin’s decision to phase out nuclear energy and coal and switch to renewables, which, according to Russwurm, put manufacturers working in Germany at a significant disadvantage compared to other industrialized nations.

“Nobody can say with any certainty today what our energy supply will look like in seven years’ time, and that’s why no one can say how high energy prices will be in Germany then. For companies that have to make investment decisions, that is absolutely toxic,” he said in an interview with the Financial Times earlier this week, adding that the government is making mistakes regarding its energy policy with its ambitious climate agenda, which aims to achieve carbon neutrality by 2045 and switch 80% of power output to wind and solar energy by 2030.

“Companies are saying they are finding it increasingly difficult to do any long-term planning. They have great doubts about continuing to invest in Germany under these conditions. The conditions are better elsewhere. And they’re going abroad,” Russwurm said.

For more stories on economy & finance visit RT's business section

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Title:

Content: Germany To Postpone Closure Of Last Three Nuclear Power Plants - WSJ

(@ChaudhryMAli88)

MOSCOW (UrduPoint News / Sputnik - 17th August, 2022) Germany, faced with possible energy shortages in the winter as gas supplies from Russia have dropped, intends to postpone the closure of its last three nuclear power plants (NPPs) in a move marking a departure from a two-decade policy to abandon nuclear energy, The Wall Street Journal reported citing German government officials.

The decision, which has to be formally adopted by the cabinet of Chancellor Olaf Scholz and would possibly require a vote in Parliament, could be weeks off, but already now the German government says two key conditions have been met that allow a temporary extension of the life of the three remaining NPPs, currently expected to close December 31: the possibility of a gas shortage and the confidence that a longer operation of reactors would pose no safety concern, according to the officials.

"The reactors are safe until Dec. 31, and obviously they will remain safe also after Dec. 31," the WSJ quoted a senior official as saying.

Scholz last week said for the first time that it could make sense to keep Germany's last three nuclear reactors online.

However, even if the life of the three German NPPs is extended, this will not be a panacea for Germany's looming energy crisis this winter as the country is mainly missing natural gas, primarily used for heating and manufacturing.

The European Union has been seeking to diversify energy imports and reduce dependence on Russia after Moscow started its special military operation in Ukraine.

Kremlin spokesman Dmitry Peskov has repeatedly said that Russia has never used gas supplies to punish anyone, but sells energy solely in its own interests, to increase the welfare of Russians and on a commercial basis.

The German government has also outlined measures to reduce gas and power consumption in the country over the next two years. The measures in particular include lowering the temperature in public buildings. According to Germany's energy regulator, gas consumption will have to be cut by 20 percent if Germany wants to avoid a gas shortfall during this coming winter and next winter.

The three officials who spoke to the WSJ said the extension of the NPPs' life would only be made for several months.

The power plants in question are Isar 2 in the southern state of Bavaria, Neckarwestheim 2 in Baden-Wurttemberg and Emsland in Lower Saxony. They are operated, respectively, by E.On SE, EnBW AG, and RWE AG.

After the start of Russia's special military operation to denazify and demilitarize Ukraine, the West has stepped up sanctions pressure on Russia, which has led to an increase in prices for energy and food in Europe and the United States.

The Russian-Ukrainian war has put Germany's energy supply at risk of a gas shortage.

Title:

Content: Global News
Germany is extending the life of its reactors.
The Winter Challenge is postponing future plans.
You are now following the news that Germany is extending the life of its reactors.
The winter challenge postpones future plans from the World News section and now we leave you with full details
Mohammed - Abu Dhabi on Tuesday 18 October 2022 08: 23 AM - German Chancellor Olaf Schulz ordered on Monday evening to extend the operation of the country's three remaining nuclear reactors until next April, to avoid the country's energy shortage crisis this winter.
Schulz, in a statement, asked the ministries of economy, environment and finance to establish the legal basis for the continuation of the nuclear plants in operation, adding that "the plants of Isar 2, Neckaroisheim 2 and Island, will be operated beyond the deadline of December 31, to become until April 15, 2023."
This is one of the most significant consequences of Ukraine ’ s war on Germany, which had previously planned to phase out nuclear power by the end of 2022, but a shortage of energy supplies after cutting imports from Russia caused a trend to extend it.
Hostility to nuclear power
In 1998, the Socialists' alliance with the Greens won the elections with an anti-nuclear program, and after talks with the electricity companies they agreed to set a shorter life span for nuclear reactors, which was limited to 32 years.
• Details included that this was based on the production of certain quantities of electricity and not according to the period of time, and not to build new reactors, but again set a date to stop the stations, which is the end of 2022, and the agreement was turned into a law in 2002.
The law resulted in the closure of Steed in 2003 and Obergheim in 2005.
• In 2009, the Christian Democratic Party led by Angela Merkel came to power, and the country had 17 nuclear plants, and the government decided to extend the operation of 7 plants in 8 years and the other 10 within 14 years.
After the Fukushima accident, the government suspended the 10-year extension and decided to suspend the reactors that had been extended for seven years.
• In 2011, it decided to close 8 reactors and close the remaining 9 by 2022, with the last plants closed at the end of 2021.
The challenge of survival
Ahmed Al-Qarout, senior analyst at the British consulting firm Spyline, believes that the German chancellor ’ s decision to extend the work of the remaining plants is part of Germany ’ s plan to diversify energy sources.
Al-Qarout pointed out in an interview with "Dot Al-Khaleej" that Germany has moved even to return to coal, despite its environmental impact in the future, but "there are priorities in life, foremost of which is the priority of survival, so the future cannot be secured without focusing on the present."
On whether it will take longer to use nuclear power, the economic analyst prefers to wait until the winter to clear the vision on the provision of alternatives, especially as Germany ’ s energy contracts with Qatar start in 2023.
He predicted that the Germans will cross the energy crisis by finding alternatives, but the crisis "lies in the rise in energy prices, because Germany gets energy from America three and four times the price, which reflects on the cost of living."
Extension Options
The economist, Anas Al-Hajji, sees in an article, that the decision to extend the reactors means that there are two ways:
The first is simple: what will remain of nuclear fuel at the end of the year will not be completely depleted, so the reactors can continue to operate until the end of the winter, which everyone fears.
- The second option, long-term, is that if the government decides to extend for years, it means stopping the reactors for months of maintenance, then adding new nuclear fuel, and then starting the reactors again, which is an expensive process, but may reduce the energy problem for years, especially if gas prices remain high.
We hope that we have succeeded in conveying the full details of the news of Germany extending the life of its reactors..
The Winter Challenge delays plans for the future.
In God ’ s care and protection.
You may also read.

Germany's energy regulator says gas consumption must be cut by 20 percent to avoid a shortfall this winter and next.

Germany will reduce gas and power consumption over two years by measures including lowering public building temperatures.

Title:

Content: Germany To Postpone Closure Of Last Three Nuclear Power Plants - WSJ

(@ChaudhryMAli88)

MOSCOW (UrduPoint News / Sputnik - 17th August, 2022) Germany, faced with possible energy shortages in the winter as gas supplies from Russia have dropped, intends to postpone the closure of its last three nuclear power plants (NPPs) in a move marking a departure from a two-decade policy to abandon nuclear energy, The Wall Street Journal reported citing German government officials.

The decision, which has to be formally adopted by the cabinet of Chancellor Olaf Scholz and would possibly require a vote in Parliament, could be weeks off, but already now the German government says two key conditions have been met that allow a temporary extension of the life of the three remaining NPPs, currently expected to close December 31: the possibility of a gas shortage and the confidence that a longer operation of reactors would pose no safety concern, according to the officials.

"The reactors are safe until Dec. 31, and obviously they will remain safe also after Dec. 31," the WSJ quoted a senior official as saying.

Scholz last week said for the first time that it could make sense to keep Germany's last three nuclear reactors online.

However, even if the life of the three German NPPs is extended, this will not be a panacea for Germany's looming energy crisis this winter as the country is mainly missing natural gas, primarily used for heating and manufacturing.

The European Union has been seeking to diversify energy imports and reduce dependence on Russia after Moscow started its special military operation in Ukraine.

Kremlin spokesman Dmitry Peskov has repeatedly said that Russia has never used gas supplies to punish anyone, but sells energy solely in its own interests, to increase the welfare of Russians and on a commercial basis.

The German government has also outlined measures to reduce gas and power consumption in the country over the next two years. The measures in particular include lowering the temperature in public buildings. According to Germany's energy regulator, gas consumption will have to be cut by 20 percent if Germany wants to avoid a gas shortfall during this coming winter and next winter.

The three officials who spoke to the WSJ said the extension of the NPPs' life would only be made for several months.

The power plants in question are Isar 2 in the southern state of Bavaria, Neckarwestheim 2 in Baden-Wurttemberg and Emsland in Lower Saxony. They are operated, respectively, by E.On SE, EnBW AG, and RWE AG.

After the start of Russia's special military operation to denazify and demilitarize Ukraine, the West has stepped up sanctions pressure on Russia, which has led to an increase in prices for energy and food in Europe and the United States.

Experts argue that money spent on reactors would be better spent on cheap renewable energy.

Title:

Content: Chairman of the Board of Directors and Editors
I'm sorry.
Mohamad Elbaz
Chairman of the Board of Directors and Editors
I'm sorry.
Mohamad Elbaz
EXPRESS: Germany ’ s exit from atomic energy sector affects Europe ’ s largest economy
Germany ’ s closure of the country ’ s last three nuclear reactors and its eventual exit from the atomic energy sector raises concerns about the impact of the decision on the European Union ’ s largest economy.
Germany ’ s action could deal a blow to the technology they see as a clean and reliable alternative to fossil fuels.
Berlin is implementing its plan to limit electricity generation to renewable sources by 2035.
Earlier this week, Germany shut down its last three nuclear power plants as part of Berlin's plan to limit power generation to renewables by 2035, ending a six-decade programme that has sparked one of Europe's most powerful protest movements.
Other industrialized countries, such as the United States, Japan, China, France and Britain, rely on nuclear power to replace the fossil fuels that are warming the planet, and Germany ’ s decision to stop using both has been met with some skepticism, as well as unsuccessful last-minute calls to halt the shutdown, the report said.
Nuclear energy advocates around the world have criticized the German shutdown, realizing that the action taken by Europe ’ s largest economy could deal a blow to technology they see as a clean and reliable alternative to fossil fuels.
The German government has acknowledged that in the short term, the country will have to rely more on polluting coal and natural gas to meet its energy needs, even as steps are taken to dramatically increase electricity production from solar and wind power, and Germany aims to be carbon neutral by 2045.
But officials like German Environment Minister Stevie Lemke say the idea of a nuclear renaissance is a myth, citing data showing that the share of atomic energy in global electricity production is shrinking.
The construction of new nuclear plants in Europe has faced significant delays and cost overruns.
Limki noted that the construction of new nuclear plants in Europe has faced significant delays and cost overruns, and said the money spent on maintaining old reactors or building new ones would be better spent on installing cheap renewables.
Experts such as Claudia Kemfert of the German Institute for Economic Research in Berlin say the 5% share of German electricity currently coming from its three remaining reactors can be easily replaced without risking power outages.

Others believe nuclear power is a clean source of energy with manageable risks.

Title:

Content: Nuclear energy...
Carbon neutrality and stable supply
T + T - normal size
Japan ’ s announcement of the start of the construction of new generation nuclear reactors is symbolic of the return of nuclear energy to the forefront around the world, especially since this step, accompanied by the operation of decommissioned plants, came about 11 years after the famous Fukushima disaster on March 11, 2011, after the Tohoku earthquake and tsunami, which caused cooling problems in the nuclear reactor.
Tokyo ’ s latest move reflects a radical change in policies for a country that used to derive less than 4 percent of its electricity from nuclear power (according to last year ’ s statistics), after relying on more than 10 times that rate in 2011 before the disaster.
This coincides with similar changes in the positions of several European countries that are bringing nuclear power back to the forefront, including Germany, although the main objectives are different: Tokyo, according to Prime Minister Fumio Kishida, stated that the trend towards building modern reactors with different safety and protection means is in line with the goals of achieving carbon neutrality by 2050.
On the other hand, the European backlash towards nuclear energy is mainly justified by the question of securing a stable energy supply to fill the shortfall in Russian gas and oil supplies after the military operation in Ukraine.
This is in contrast to previous global trends to end nuclear power, starting with Sweden, Italy, Belgium and Germany, to reduce the risks surrounding it, which are mainly associated with safety rates and harmful waste.
Among the countries moving towards a return to nuclear power was Belgium (which began its phase-out in 1999), where Brussels announced its intention to extend the operation of two reactors for an additional 10 years.
France (which has the largest number of nuclear plants on the old continent with 56), as well as Britain, have also emerged to increase reliance on this route.
In the United States, President Joe Biden is encouraging investment in nuclear power, and his administration has allocated up to $6 billion to rescue plants threatened with shutdown.
China is also seeking to develop its nuclear facilities.
Poland, the Czech Republic and India are added to the list in efforts to get rid of coal dependence.
Although many countries are moving towards a return to nuclear energy, forced as protectionist measures to secure energy resources after the war in Ukraine showed widespread risks, especially for Europe, this trend affects another goal of environmental commitments and achieving carbon neutrality, given that nuclear energy is environmentally friendly, despite its risks.
Environment and climate
In this context, the consultant of environment, energy and climate change, Maher Azazi, in statements to Al-Bayan from Cairo, pointing out that nuclear energy is one of the most important means friendly to the environment and climate, as it is in the record of major accidents of power plants is the lowest at all compared to the accidents of gas stations and accidents that occurred to huge hydro plants.
He pointed out that nuclear power plants are environmentally friendly because they do not emit any emissions or pollutants such as sulfur oxides or nitrogen oxides or solid particles.
It is also climate friendly because it emits no greenhouse gas emissions.
Nuclear waste is also “handled at the highest level of safety, ” despite some risks.
The environmental consultant points to the rapid developments in safety technologies, pointing out that nuclear waste is buried in chambers 100 to 150 meters underground hollow with walls of armored concrete, and with scientific and technological development is redeveloped.
He says that the risks he perceives to be related to nuclear waste are almost non-existent in the light of this development in safety systems.
As for nuclear radiation, he pointed out that the wall of the nuclear reactor is up to three meters thick reinforced concrete, and from the inside there is a very thick container of nuclear fuel, so the chances of radiation leakage are weak, considering at the same time that the dramatic transformation in the context of climate protection brings back to the forefront nuclear energy, and the world is highly qualified to replace oil and gas plants in electricity generation.
In light of these environmental impacts, more than 100 nuclear communities have called on world leaders to double electricity production from nuclear power in 2050 to achieve carbon neutrality.
According to statistics from energy research firm Rystad Energy, the projected investment in nuclear energy in 2023 is $46 billion.
The European Union estimates that the investment required in the new generation of nuclear power plants by 2050 will be around 500 billion euros in the old continent.
Clean energy
For his part, Dr. Sabri, climate change consultant in Cairo, told Al-Bayan that there is a huge difference between thermal, chemical and nuclear energy, the latter of clean energies, and returning to them again means moving towards carbon neutrality and addressing climate change, as they do not emit any harmful emissions to the environment and climate, instead of using fossil fuels that emit greenhouse gas emissions.
Nuclear energy is the result of fission or fusion reactions of the nuclei of the atom, while thermal is the product of a chemical reaction between the atoms, the latter emits harmful emissions to the environment and climate, while nuclear energy is a clean energy that does not pose a threat to the climate, such as fossil fuels and unclean energy sources exporting greenhouse gases.
Data from the world
32 countries use “nuclear power plants ” to generate electricity 10% of the world ’ s electricity using nuclear power 400 GW Total installed nuclear power capacity last year 52 reactors under construction in 19 countries around the world 100 nuclear communities World leaders have called for doubling electricity production from nuclear power in 2050 to achieve carbon neutrality. EU investment in next-generation nuclear power plants by 2050 is expected to total €500 billion; 150 new nuclear reactors China plans to build over the next 15 years (with $440 billion investment); 25% of electricity from nuclear power by 2050 in Britain (according to targets announced by the British Prime Minister), compared to 16% currently.
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The shutdown of nuclear power plants poses risks including radioactive waste disposal, energy disruptions, and potential area evacuations.

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Content: World

Berlin against, Rome is silent, Paris in favor. Nuclear power explodes in the EU

Germany closed three reactors in 2021 and plans to do the same with the other three in 2022. Belgium shares the same idea, “shut down” its seven plants by 2025. Spain, which has some reactors in operation as well, does not consider them “green” at all. Luxembourg dismisses the proposal to include the atom in the green taxonomy as a “provocation”. Austria of the atom does not want to know, with 82% of its primary energy production made from renewables (data 2019), and is studying a legal action against the Commission. France is delighted to see nuclear power (77% of its domestic production) taken into account by Brussels. Italy, which is fond of Minister Cingolani’s idea of increasing its gas extractions, is currently silent and at least hopes for a golden rule to exclude “green” investments from the calculation of the deficit. A few days after the publication of the draft of the European Commission on the green taxonomy, the distances between the 27 instead of narrowing, are widening and if yesterday they seemed divided, today they show themselves to be shattered.

The definition of the green taxonomy is fundamental in orienting investments: with the “green” stamp, industrial and infrastructure projects can be much more attractive for private capital. However, the decision to include nuclear and gas in the EU’s green taxonomy has met with harsh criticism already in recent weeks, when rumors had not yet taken the form of a draft Commission. The technicians from Brussels and the team of experts who collaborated in the drafting of the central document for the definition of the EU energy planning in the context of the Green New Deal tried to circumvent the foreseeable resistance by introducing some conditions for the two sources that are not neutral with respect to the climate and the environment. Nuclear and gas, first of all, will be considered compatible with the green taxonomy only for a defined period of time and “to the extent that they contribute to the transition towards climate neutrality and do not significantly damage the environment”, according to an official of Brussels. “The Commission sees the future energy mix as a predominantly renewable or low-carbon energy system. We really hope that this proposal will help bring about the change we need and channel private funding towards low-emission energy sources ”.

In fact, it means that investments in nuclear power will be “green” only if the projects presented have a well defined plan, funds and site for the disposal of radioactive waste in total safety. Building permits will only be allowed until 2045. It is worth remembering that at the moment there is still talk of third generation or third plus nuclear power. Not the fourth, the (slag-free) fusion that experts believe may have a role on an industrial scale no earlier than the middle of the century. As for gas, investments in power plants will be green only if they contribute to emissions of less than 270 grams of CO2 equivalent per kWh and replace more polluting fossil fuel plants. They will need to obtain a building permit before 2030.

On gas, the Commission’s conditions appear much more stringent. It is a non-solid fossil source, certainly less polluting than coal and to which Italy looks with interest, having unused methane deposits. Moreover, in a European context of high prices and constant reduction of supplies from the main supplier, Russia, for reasons of a geopolitical nature. But it is on nuclear power that the clash risks worsening at the community level.

“We believe nuclear technology is dangerous,” government spokesman Steffen Hebestreit told reporters in Berlin, noting that the question of what to do with the radioactive waste remains unresolved. Hebestreit added that Germany “expressly rejects” the EU assessment on atomic energy and has repeatedly affirmed this position towards the Commission. Germany is now considering the next steps to take. Germany is set to shut down the remaining three nuclear power plants later this year and phase out coal by 2030, while its neighbor France aims to modernize existing reactors and build new ones to meet energy needs. Berlin plans to rely on natural gas until it can be replaced by non-polluting energy sources. The opposite paths taken by two of the EU’s largest economies have led to an embarrassing situation for the Commission. The draft EU executive branch concludes that both nuclear power and natural gas can be considered sustainable under certain conditions for investment purposes.

Hebestreit said the German government’s goal is to use natural gas only as a “bridge technology” and replace it with non-polluting alternatives such as hydrogen produced from renewable energy by 2045, the deadline the country has set for becoming climate neutral. . The spokesman did not say whether Chancellor Olaf Scholz supports the opinion of the Minister of Economy and Climate Robert Habeck that the European Commission’s proposals are a form of “greenwashing”.

Germany has pulled the plug on three of its last six nuclear power plants. The Brokdorf, Grohnde and Gundremmingen C reactors, operated by the E.On and Rwe utilities, were closed on December 31st after 35 years of operation. The last three nuclear power plants – Isar 2, Emsland and Neckarwestheim II – will be shut down by the end of 2022. However, closure does not mean decommissioning, which will take much longer and is expected to take place by 2040 in the case of Brokdorf, for example. .

In 2021, the six nuclear power plants contributed about 12% of electricity generation in Germany. The German energy mix consists of 41% renewables, 28% coal and 15% gas. By 2030, Germany aims to meet 80% of energy demand with renewables. This is not the case in France where – given Eurostat 2019 – 77.6% of its energy produced comes from the atom and only 20% from renewable.

Germany is not alone in the firm opposition to the proposal put forward by Brussels: the draft “is a provocation from a procedural point of view” and “in terms of content it hides the risk of greenwashing”, wrote on Twitter the Minister of Energy of the Luxembourg, Claude Turmes, saying he is ready to “examine the proposal in detail and discuss further steps” together with Germany and Austria, equally opposed to including nuclear power among sustainable investments. The proposal was sent to governments on Friday, “in a nocturnal and nebulous action. This says a lot about transparency ”, attacked Turmes.

The same tones used by Vienna: if these are the plans “we will sue”, wrote on Twitter the Austrian Federal Minister for Climate, Environment and Energy, Leonore Gewessler, highlighting that nuclear energy is “dangerous and not it represents a solution in the fight against the climate crisis ”. Austria has no reactors and produces almost all of its energy from renewable sources.

The Spanish government also rejected the European Commission’s proposal to include nuclear and natural gas energy in the EU’s “green” taxonomy. According to Madrid, this is “a step backwards” and “a wrong signal” for the financial markets. Deputy Prime Minister and Minister for Ecological Transition and Demographic Challenge, Teresa Ribera, stressed that “regardless of whether we can continue to invest in one or the other, we believe they are not green or sustainable energies”. Spain – he added – “is a firm supporter of green taxonomy as a key tool to have common references that can be used by investors to achieve the decarbonisation of the economy and climate neutrality by 2050”, but include nuclear and gas “It would be a step backwards,” according to the government official Sanchez. “It makes no sense and sends the wrong signals for the European energy transition as a whole,” he stressed. While admitting that both nuclear power and natural gas have a role to play in the transition, this is “limited in time”. Member States have until 12 January to provide their response to the Commission. Then, once published, it will have to pass the scrutiny of the EU Council and Parliament, where the environmentalist parties are also announcing a battle.

In 2019, France was the country that produced the largest share of energy in the EU (20% of the total), followed by Germany (17%), Poland (9.6%), Italy and Sweden (6%). ). However, the debate on green taxonomy is intertwined with energy security (or sovereignty) in a particular historical phase, marked by risks to the security of supply due to geopolitical and military reasons, as shown by the tensions on the Ukrainian border. Primary energy production in the EU in 2019 was distributed among various energy sources, the most important of which in terms of the size of its contribution were renewables, with over a third (36.5%) of the total. Second place for nuclear power, with 32.0% of total primary energy production, with France in the lead, followed by Belgium (77% of domestic production in 2019) which, however, is about to abound in nuclear power like Germany. However, all European energy production is not enough to meet its needs: more than half of Europe’s energy is imported. The EU energy dependency rate exceeds 50%.

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Germany plans to use natural gas as a 'bridge technology' until non-polluting energy sources are available.

The country aims for 80% renewables by 2030, currently at 41%, with coal and gas making up 28% and 15% respectively.

64% of Germans, including 40% of Green Party voters, support restarting nuclear power plants to boost energy supply and lower prices.

Title:

Content: World Vision: Restarting nuclear power, dragging the German government into crisis
November 06, 2022 00: 03
Eastern Network Television
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With Germany following the NATO sanctions against Russia, the German energy crisis is deepening and leading to serious political instability.
The gold-painted sign “Made in Germany ” has been peeled off. First, the business community complained about the high price of electricity in Germany, averaging 0.37 euros per kilowatt-hour (kWh), compared with 0.18 euros in France, 0.24 euros in the United Kingdom and 0.10 euros in Hungary.
Even if the German government proposed energy subsidies, but other European governments such as Britain and France will do so, German companies still can not compete. The result is that more and more industrial products that Germany was proud of in the past, either set up factories in foreign countries or import some foreign parts to complete in Germany.
In addition, some townships began to have problems with the opening up and strengthening of thermal power generation and transmission, and now there are rare power outages, which have caused great dissatisfaction among the public.
The Minister of Economy and Deputy Prime Minister Hajbek have become the target of attacks by the industrial sector, the German opposition, and the Liberal and Social Democrats in the government, focusing on Habek, who has no economic expertise but is responsible for the environmental ideology, and the government ’ s lack of understanding and compassion for industry, and has been deceiving the three nuclear power plants.
Halbek has always stressed that the German people have long been the majority of anti-nuclear power, but the latest poll shows that 64% of the people support restarting nuclear power to increase supply and reduce electricity prices due to the energy crisis, with 40% of the Green Party voters.
In addition, the Green Party has spoken out in favor of improving climate change, but has been hiding experts ’ suggestions that turning on nuclear power could cut Germany ’ s carbon emissions by 25 million to 30 million tons a year.
In addition, Halbek stressed that the nuclear fuel rods needed for the nuclear power plant may not be available by early next year, but the expert opinion is that the old nuclear fuel rods can also be used and the nuclear power plant can be gradually opened.
Halbek stressed that it would take a long time to open the safety inspection of nuclear power, but the world-famous German Technical Supervision Association immediately hit the face, claiming that they did a comprehensive inspection in March, all three nuclear power plants are normal, as long as limited further testing and monitoring, restart is not a problem at all.
The opposition party also criticized the three-party coalition government for delaying the setting of a gas price cap until March next year. At that time, the weather in Germany has begun to warm up. As a result, the opposition party and the public demand that Habaker resign, which can be regarded as the ruling coalition's biggest crisis to date.
Ph.D., Freie Universität Berlin

Restarting nuclear power plants in Germany could reduce carbon emissions by 2.5-3 million tons annually.

The German Technical Supervision Association found the nuclear power plants to be in good condition after a March inspection, requiring only limited further testing to restart.

The German government is criticized for delaying nuclear plant restarts, despite experts saying safety checks can be done quickly and old fuel rods can still be used.

The Green Party's influence drives the country's energy policy decisions as part of the current coalition government.

Title:

Content: Pseudo-green policy of Germany isolates the country, says the expert - RIA Novosti, 15.04.2023
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Germany ’ s pseudo-green policy isolates the country, says expert
Expert Damien Ernst: pseudo-green policy deprives Germany of leadership in the EU
© RIA Novosti / Igor Zarembo | Go to the media bankView of the Brandenburg Gate in Berlin
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BRUSSELS, April 15 – RIA Novosti.
The radical energy policy of Germany and its attempt to impose its vision on partners will only lead to the isolation of Germany from other countries of the European Union, Damien Ernst, a European expert, a lecturer at the University of Liege in Belgium and the Polytechnic Institute in Paris, told RIA Novosti.
Germany will stop on April 15, 2023, the operation of the last three operating German nuclear power plants “Isar-2 ”,“ Neckarwesteim-2 ” and “Emsland ”.
It was originally planned that Germany would abandon nuclear power in 2022, but later plans were changed.
Three of the country ’ s last six nuclear power plants have already been shut down.
Earlier it was reported that the majority of the population did not agree with this decision, while other countries announced their intention to continue or expand the use of nuclear energy.
No guarantees.
The Americans decided to leave Europe without gas
“Today ’ s coalition in Berlin is clearly at the mercy of the Greens, and Germany is making its energy stance more radical, isolating itself from most other EU countries.
Germany is making the wrong decisions and losing leadership in Europe.
Germany will press its partners to impose its costly energy vision.
Many will not support it, ” the expert said.
In his opinion, the energy issue has already become a stumbling block in relations between Germany and France.
“
The "special relationship" between Germany and France is dead.
Chancellor Scholz is going to Beijing without inviting Macron to join him, but the main disagreement is about nuclear energy, "Ernst said.
Against the background of the energy crisis in Europe, Germany ’ s decision will only aggravate the situation.
“Pressure on gas prices will rise again next winter, if you add to this the decision of Germany to end nuclear energy, it will lead to higher prices for all European citizens, ” the expert said.
Russians, out!
Germany wants a nuclear rematch
In addition, according to him, the supposedly green policy of the country will only lead to an increase in carbon dioxide emissions into the atmosphere, as Germany will have to open new coal and gas power plants instead of closed nuclear power plants.
“
“Renewable sources cannot (produce so much energy – ed.), they are terribly expensive for the sake of very small and unreliable production (energy – ed.) ”, – concludes the expert.
The energy crisis in the European Union worsened in early July 2022, when there were the first interruptions in the supply of gas from Russia to a number of EU countries, including problems with the maintenance of turbines for Nord Stream due to sanctions imposed against the Russian Federation.
The West has increased sanctions pressure on Russia over Ukraine, which has led to higher prices for electricity, fuel and food in Europe and the United States.
Russian President Vladimir Putin has previously said that the policy of containing and weakening Russia is a long-term strategy of the West, and sanctions have dealt a serious blow to the entire world economy.
According to him, the main goal of the West is to worsen the lives of millions of people.
Russia has repeatedly stated that Russia will solve all the problems that the West creates for it.
Repeat the fate of the USSR.
Destroying the European Union from the inside
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The Russian-Ukrainian war has highlighted Germany's need to diversify its energy sources.

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Content: Alert
The secret identity of Hu Ge 's wife is revealed, "spend 3.5 million to learn makeup to attract him"
Yeh Wu-yang-kuang has a new girlfriend! A friend reveals that she is popular 2 key "Message will be back immediately"
Lin Yihua finally took office as vice mayor, and Lan Ying was willing to be scolded, and Chu Lilun had three big plans.
How did the German model achieve an unbearable energy transition war across the sea?
【 By Fu Guanqi 】
Environmental awareness, green energy production has always been regarded as the world's superior Germany, but because of a Ukrainian-Russian war, let the bright achievements behind the unfinished business, exposed to the world.
Is this general review of energy security, ignited by war, a crisis or a turning point for Germany, which rose from the ashes of World War II? Can Germany break through the status quo and turn into a new model for a sustainable economy in the future?
Or is it a death on the road to transformation? How can Taiwan find its future direction from this “energy transition war ”?
Just after Christmas, for many Dodd families, the most wanted Christmas gift may be a heat pump to make the whole family better through the winter.
Unlike the tens of millions of domestic heating systems in Germany that still use natural gas or oil as fuel, heat pumps are powered by electricity, which can be seen as "reverse air conditioning", which has a higher thermal conversion efficiency and symbolizes energy access at a lower price.
The energy crisis caused by the Russo-Ukrainian War has become a watershed in the price of energy in Germany.
The past dependence on Russia to import a large amount of cheap energy can not be returned, and the international carbon pricing mechanism is increasingly complete, which has led Germany to realize that only green energy is the way to reduce energy prices again.
The "Vision" team traveled to Germany, in-depth interviews and observed that the consensus that permeates German society today is: "There is not much time for the energy transition, and we must accelerate progress."
German Green Party MP Till Steffen, who visited Taiwan in 2022, told Visionary that "this' energy crisis' has accelerated the 'energy transition' and become a priority for the government."
German Economy Accelerates Greening, Renewable Energy Becomes National Security Foundation
This is not just a matter of paper. At the end of 2022, Germany inaugurated the country ’ s first liquefied natural gas (LNG) terminal.
Germany decided last spring to build it, and it could be completed in a few months. “This is super fast for Germany, ” Steffen said.“ We need to scale up renewable energy at the same rate. ”
If you make decisions at the slow pace of your past habits, you won ’ t be able to achieve the goals you set. ”
In the past, far less ambitious than the Green Party ’ s liberal finance minister, Christian Lindner, has also designated renewable energy as “free energy ”, emphasizing its function to enhance Germany ’ s energy security and economic independence.
In this context, the two pillars of the energy transition, "switching to renewable energy" and "improving energy efficiency", have also become the top priorities of enterprises in the country.
Even the German machine tool manufacturer MAG, a pioneer of Industry 4.0, has re-examined energy conservation and is preparing to install solar panels on its plant.
“Many investment plans are being reevaluated because of higher energy prices, ” explains Sebastian Schoning, MAG ’ s head of Europe & Americas.“ Many investments that were previously unprofitable are now justified. ”
Solar panels that can be used for their own use and can be sold for electricity have been greatly shortened, and with tax incentives, large and small businesses and families have been selling out; installation technicians are so hot that waiting in line has become a new normal in the last few months.
Yen Chien-ho, general manager of the German branch of FSP, which has been operating solar energy storage business for more than six years from Taiwan, revealed that the green energy product line is already the main revenue of the company, and it is estimated that by 2023, solar related products can grow by 50%.
Quanhan also saw the business opportunities of green energy vehicles in Europe and decided to set up a new R & D center in Germany to attack customized charging devices.
Another Taiwanese company that has been working in Germany for ten years, Servo Press Co., Ltd. is also favored by European customers due to the fact that the product consumes about 50% less power than traditional presses, and is expected to double its business performance in 2023.
Germany has been driving the energy transition for decades. The driving force of this energy crisis is mainly reflected in the change of mentality and the re-calculation of business interests.
First, in terms of mentality, Germany used to import about 60% of its energy, and is more heavily dependent on cheap fossil fuels from Russia.
However, when energy is no longer so readily available, it has also greatly changed the German society's view of energy: in the past, everyone saw renewable energy as a threat to the stability of electricity supply, and now it is an important basis for protecting national security.
Second, in the eyes of enterprises, green energy has become the only energy source that can maintain long-term competitiveness.
"We all know that there is no future for fossil fuels," said Markus Rosenthal, director of government relations at the German Association for Energy Storage Systems. He cited the withdrawal of Allianz, Germany 's largest insurance company, and the active investment of major banks in decarbonization technology as examples. The effect of greening the German economy is greater than anyone else. "
Many may have heard of Germany ’ s Energiewende vision after the Fukushima disaster.
But such a concept has taken root in Germany ’ s anti-nuclear movement since the 1970s.
Since then, the Green Party movement has developed with the greatest political influence in the world.
GREEN ENERGY GREEN ENERGY CHALLENGE 1: Lack of work, insufficient capacity of Northern Power South
The Renewable Energy Act (EEG), which came into force in 2000, made Germany the first major economy to promote renewable energy.
Over the next 20 years, the proportion of renewable energy supply has grown significantly from 6% to 46%, and this remarkable achievement has become an international model case for promoting energy transformation.
However, the model of the period of peace seems to be unable to withstand the test of war, and Germany still fell into the dilemma of energy crisis in the Russo-Ukrainian War.
Russia ’ s invasion of Ukraine and the weaponization of energy are certainly uncontrollable factors.
But the German society's caution against nuclear energy has also made Germany more dependent on relatively clean natural gas during the period of phasing out coal.
“We are over-reliant on fossil fuels and the development of renewable energy over the past few years has been too slow, ” said Malte Kuper, energy and climate policy researcher at the German Institute for Economic Research (IW).“ We must accelerate the correction of the structural errors of energy policy over the past decade. ”
Wilhelm Kiewitt, Director of Energy Economics at 50Hertz, a German power grid company, said: “We are vigorously promoting the construction of renewable energy, but we have not updated the grid infrastructure and have not ensured that the design of the electricity market is compatible.
As a result, the energy transition is not doing well. ”
Wind power located on the northern coast of Germany has so far been difficult to reach the industrial heartland of the south because the government has spent too much time coordinating with the residents of the south to accept high-voltage cables cutting through their beautiful landscapes.
The lack of capacity of Northern Power South has become a key missing piece in the German energy puzzle.
In addition, the political lobbying power of fossil fuel companies and strict regulations on onshore wind power have also slowed down the pace of transformation in Germany.
A few months ago, there was a demolition of nearby windmills to expand coal mines in North Wales. Although the efficiency of these windmills was low and they were expected to be rebuilt and upgraded, environmentalists criticized this as a retrograde policy in the midst of the energy crisis.
But the lack of urgency may be the key factor in Germany ’ s gradual deviation from its goal.
According to the German government ’ s 2021 forecast, all sectors, from energy, industry and agriculture, will not be able to meet the 2030 climate goals on the basis of current carbon reduction actions.
In terms of new technology, even if Germany began hydrogen energy research more than 30 years ago, it has not been able to enter the expansion.
Thomas Hilig, founder of THEnergy in Germany and a hydrogen energy consultant, pointed out that “we have studied hydrogen energy thoroughly and want to know everything. ”
But it may be possible to start expanding sooner.
Indeed, now is the time to launch the app. ”
The impact of high energy prices and increasingly extreme weather have become a reality in Germany, forcing the country, accustomed to sound and prudent action, to admit its mistakes and shortcomings and accelerate the progress of the energy transition.
The question is, is it in time?
Opening a recent German newspaper will find that a crisis is not necessarily a turning point.
Small and medium-sized enterprises (SMEs), which account for 99% of the total number of German enterprises, are struggling, and many companies may not be able to survive.
A survey of companies released by the German Chamber of Commerce and Industry (DIHK) in the summer of 2022 shows that due to high energy prices, 1 / 4 of enterprises have completed the deployment of production reduction, 1 / 4 have reduced the scale of operations, and the remaining half have not yet begun to act, and are still thinking about the corresponding steps.
At present, the German government has finalized a nearly 100 billion euro energy bill subsidy plan, but Asha Maria Sharma, deputy director of digital services at the Foreign Trade and Investment Agency, believes that financial subsidies are only part of the solution, companies must think about how to use AI, data analysis and other technologies to save energy, in order to remain competitive in the future when energy prices are higher.
However, the resources and financial power of SMEs are not as good as those of multinational enterprises, and it is not easy to face inflation, interest rate hikes, the impact on the dollar exchange rate and energy prices, and to devote more efforts to long-term investment layout.
For example, when the Covid-19 pandemic spread, Alexander Krug, the public relations manager in charge of the Berlin Digital Center for SMEs, observed that about a third of SMEs were suspending or even cancelling strategic digital investments that would bear fruit in the medium to long term.
Moreover, in the global semiconductor shortage, many small and medium-sized enterprises are competing for similar chips with the government-supported renewable energy industry, as well as Germany ’ s powerful automotive industry.
In terms of money and resources, it is difficult to win.
Cooper said that in the long term, the energy crisis can be an accelerator of the energy transition.
But for an industrial powerhouse like Germany, which has a high proportion of energy-intensive industries, there is also a risk that “industry may decline before the green energy transition is complete. ”
Many homes waiting for solar panel technicians to install their doors also reveal another risk: lack of work.
“If you ask a business, what ’ s the biggest question about operations? Almost every time the answer is, ‘ We need people. ’ ”
Especially in the areas of green energy and digital technology, which are crucial to driving transformation, there is a particular lack of technical talent.
Many countries in Europe have a shortage of jobs.
However, in the manufacturing sector, more than 40% of enterprises in Germany are understaffed.
In comparison, France is less than 25%, and Italy and Spain are less than 10%.
Even the director of the German public broadcaster said recently: "We have to recruit people from all over the world... even the German level of the candidates is not so important."
As long as I work hard, I don ’ t worry too much that they can only speak a few words of German. ”
GREEN ENERGY GREEN ENERGY CHALLENGE 2: Higher energy costs, the United States proposed a bill to reduce inflation and siphon off international investment
The evolution of the international situation has also made the adverse situation worse.
The European war is still raging, the epidemic is still hazy, and the tensions between the United States and China have caused Germany, formerly the beneficiary of free trade and international supply chains, to reverse the situation and increase the pressure.
In particular, in August 2022, the United States passed the $369 billion Inflation Reduction Act, proposing a simpler and more attractive subsidy specification than the European Union, which is likely to siphon off more international investment at a time when Germany urgently needs to accelerate the expansion of renewable energy.
Some scholars wonder whether Germany will be able to complete the energy transition that it failed to achieve during a period of relative stability in the face of many challenges.
Only recently did Germany significantly expand public spending to help society weather the epidemic. To date, it has allocated more than 260 billion euros in response to the energy crisis.
This is almost 7% of national GDP, well above the EU average of 83 billion euros.
Meanwhile, Germany is still trying to boost its defense budget to 2% of GDP.
Even if the money is relatively abundant, it is also pressure.
Reinhard Biedermann, a professor in the Department of Global Political Economy at Tamkang University, pointed out that to develop enough renewable energy to replace traditional energy sources requires a lot of investment, manpower and even land, which Germany cannot do at the same time.
“The energy crisis is really an opportunity to expand renewable energy.
But turning the crisis into a turning point is not so simple.
Germany depends not only on imports of fossil fuels, but also on imports of renewable energy.
After the decline of the German solar industry, about 95% of the domestic solar cells are manufactured in China.
Nordex shut down Germany ’ s last wind turbine turnstile plant in June 2022, taking into account costs, causing observers to worry that the wind energy industry may be heading toward a fate similar to that of the solar industry.
Steffen said that due to competition from China, the German solar industry has lost a lot of intellectual and political power, and now is the time to reinvigorate the domestic solar value chain.
“We still have capacity in wind energy, but we can ’ t find a market in our country because Chinese products are cheaper, ” Steffen said.
In some ways, the energy crisis is just beginning.
As the Visionary team rode a high-speed rail at a speed of nearly 300 kilometers across the edge of Germany ’ s beloved forest, they were greeted by rotating fans, solar panels laid on the roof of the building, and high-voltage power towers that transmit electricity over a long distance.
This has gradually become a familiar daily scene in German society.
At this point, it may be seen as an important milestone in the final completion of Germany ’ s energy transition, but it may also be the starting point for the decline of German industry.
Looking back at the challenges of the pandemic, companies in Dodd all agree that agility, flexibility and flexibility are essential skills to survive in the current changing environment.
In particular, German industry contributes more than a quarter of the country ’ s GDP, which is higher than developed countries such as France, the United Kingdom and the United States.
But strengthening the high-priced “Made in Germany ” brand with performance, quality and stability is threatened by higher energy costs.
Steffen acknowledged that many Dodd companies use cheap Russian energy to produce and then sell their products at high prices to the U.S. and mid-market.
This is similar to the common pattern in Taiwan.
Taiwan 's green energy students > risk assessment first, transformation needs to think about the overall order
Sucheta Govil, chief commercial officer of Covestro, observed that energy is already a global issue and resource constraints are becoming the foreseeable future. “Even if you are in Asia, energy prices are still cheap, but price increases are reflected in the supply chain. ”
This advantage is diluted by rising raw material costs, even if Germany considers itself to be of excellent mechanical engineering quality. ”
Even if Germany has only recently begun to cope with the energy crisis, the effectiveness of the policy measures will have to wait for time to prove, and there are still lessons for Taiwan.
First, understand your energy security and independence and conduct a risk assessment.
Leonard believes that encouraging energy conservation by raising energy prices and using this income to invest more in renewable energy is worth considering.
“Explaining to people the higher energy costs they pay will help develop renewable energy and improve energy security. ”
Second, think about the sequence of measures for the energy transition as a whole, and put limited resources in the right place at the right time.
Hans-Joachim Ziesing, a former energy transition consultant for Germany ’ s Future Energy Plan, shared that one of Germany ’ s mistakes was to set a good goal and vision before developing policies to be achieved.
A better approach might be to take a practical approach, clarify the quantitative benefits that each policy can bring, and determine that cross-party consensus can be reached to move forward together.
It is also important to continuously monitor the performance of data and to be accountable to all departments.
Hiliger observed that Germany ’ s national hydrogen energy strategy in 2020 shows that officials have learned from the siting of renewable energy and energy transportation.
“Many projects take production and consumption into account as a whole, for example, by making good use of existing construction, refurbishing natural gas pipelines to become hydrogen pipelines, rather than placing electrolytic tanks next to wind power plants. ”
Preparing businesses and citizens to move away from fossil fuels
Finally, it is the continuation of the momentum of social change.
In the past, Germany saw natural gas as a “bridging energy ” to connect fossil fuels with renewable energy; now, losing its main source of natural gas imports, it has had to restart coal plants and lease liquid-gas receiving stations.
After doing so, it may be harder to get rid of them in the future.
Ideally, when the hydrogen energy market matures, Germany can renovate this batch of liquid natural gas receiving stations into hydrogen energy receiving stations.
But the two are different energy sources after all, and the renovation will be another expense.
Whether it can be developed according to the plan is still uncertain.
After the government finalizes the energy subsidy policy, from the beginning of 2023 to April 2024, 80% of the bill will be protected by the price cap, and users will only pay 20% of the current price.
This will change people ’ s interest.
How to make good use of the incentive mechanism to encourage society to continue to promote energy conservation and transformation at the household, business and infrastructure levels is also a big test.
Although Taiwan, which has a higher industrial share than Germany, has yet to personally feel the waves of the European energy crisis, it will be crucial to be as prepared and adapted as possible to the future of higher fossil fuel prices before the price protection umbrella for long-term contracts ends.
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For a long time, hydrogen energy, which can achieve zero carbon emissions, has been called the “fuel of the future. ” With the increasing global climate change and the rising price of fossil fuels, hydrogen has become an urgent national agenda.
Is the future really coming?
Can Cryptocurrencies Become International Clearing Currencies After Gold and US Dollars?
Is Bitcoin or other cryptocurrencies likely to become the currency of international settlement? After the many crashes in the currency circle in 2022, and the currency price has dropped sharply, many people will immediately shake their hands and say, absolutely not!
Perhaps you will be more aware of the significance of international clearing currencies, digital innovation, and cryptocurrencies in the new era.
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Environmental awareness, green energy production has always been regarded as the world's superior Germany, but because of a Ukrainian-Russian war, let the bright achievements behind the unfinished business, exposed to the world.
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Germany relies on Russia for 55% of its gas imports.

Title:

Content: This is an audio transcript of the FT News Briefing podcast episode: Russia’s move on Ukraine triggers western sanctions

Marc Filippino
Good morning from the Financial Times. Today is Wednesday, February 23rd, and this is your FT News Briefing.

[MUSIC PLAYING]

Russia is edging closer to war. President Vladimir Putin is endorsing Russian-backed separatists who claim the entire Donbas region of eastern Ukraine. Meanwhile, western powers are pushing back both with sanctions and by suspending the Nord Stream 2 pipeline project. But can Germany kick its Russian gas habit?

Guy Chazan
Its industry has really become addicted to relatively cheap Russian gas so it’s in a bit of a bind, really.

Marc Filippino
Plus, how are Russian markets holding up through all this? Unsurprisingly, not so great. We’ll tell you more. I’m Marc Filippino, and here’s the news you need to start your day.

[MUSIC PLAYING]

Very late on Monday night, Russian president Vladimir Putin decided to send what he called peacekeeping troops into eastern Ukraine. They’ll support two Russian-backed separatist states that he’s recognised as independent. This crossed a line for western powers, and they retaliated with a salvo of sanctions against Moscow on Tuesday. The US is targeting two of Russia’s largest financial institutions, as well as Russian elites and their family members. The FT’s Henry Foy has more on Europe’s sanctions towards Russia.

Henry Foy
So the European Union has decided to sanction a lot of individuals and entities. They’ve gone after 351 members of the Russian parliament. These are elected MPs, elected representatives who voted for the independence of these statelets, these separatists to be recognised for troops to be sent in, and also 27 individuals and entities who are linked to actions that have undermined Ukraine’s sovereignty. The key thing here, though, is the EU, just like the US and the UK who also announced their own sanction packages, are saying this is not it. This is just the first wave. And if you continue aggression against Ukraine and if there is a full invasion of the rest of Ukraine not held by these pro-Russian separatists, then there will be more — much, much more. This first wave is targeted. It’s not particularly economically damaging, but it’s a sign that there is unity across the west in standing up to this.

Marc Filippino
Henry, is all this enough to push Russia from further escalation?

Henry Foy
Well Marc, officials I speak to here in Brussels, in the EU, inside of Nato, tell me basically, no. That effectively, Putin has made a decision that he is going to go the whole way and invade Ukraine. That’s a decision that he’s built up over years. It’s an emotional decision. It’s an irrational one. And there’s really little that the west can do about it, given that Putin has thrown away and torn up all the diplomatic efforts. And he will take these sanctions and the sanctions will slow him down. They will affect the Russian economy. They will make an invasion more painful than perhaps it would have been before. However, they’re not going to stop him if that is what he intends to do, and most people, the Nato intelligence community, the defence community, believes that that is his decision.

Marc Filippino
Now, how is Nato’s approaching all this? You know, a crucial issue for Russia is that it wants to keep Ukraine and other former Soviet countries out of Nato. What’s its role right now?

Henry Foy
So Nato’s role, they’ve been very clear about this, is to protect itself, to protect alliance members, to protect Nato members in Europe. So what they’ve done in recent months and weeks is to deploy more troops in eastern European countries that border Ukraine and Russia effectively as deterrents to Russia to say, look, if you are going to invade Ukraine, you’re not going to come anywhere near us because we are going to defend our own, our own members, but also to help with any cross-border fallout from an invasion of Ukraine, which is likely to be in the form of refugees, potentially spillover events such as terrorism.

Marc Filippino
Henry Foy is the FT’s European diplomatic correspondent.

[MUSIC PLAYING]

The news of Russia sending troops to Ukraine sent the price of oil up to nearly 100 bucks a barrel yesterday, and there was other energy news too. Germany has frozen the approval process on the controversial Nord Stream 2 gas pipeline. Chancellor Olaf Scholz says Berlin would not approve the Kremlin-backed project. The pipeline is owned by the Russian-backed company Gazprom and would have increased a Russian gas supplies to Germany and the rest of Europe. The pipeline project has been in the works for years, and there has been a lot of pressure on Germany to stop it. But now that it’s been stopped, what’s next for Germany’s energy sector? Our Berlin bureau chief Guy Chazan joins me now to talk about this. Welcome to the show, Guy.

Guy Chazan
Hi.

Marc Filippino
So Guy, one of our Lex columnists wrote that Germany has been like a junkie in its addiction to Russian gas. How dependent is Germany on Russian energy?

Guy Chazan
Well, it relies on Russia for 55 per cent of its gas imports, and that’s more than many other countries in Europe. It’s a sort of, it’s an indictment in a way of the country’s kind of energy policies over the past few years because in 2011 it took this rather controversial decision to phase out all its nuclear power stations by 2022, and it’s now also phasing out its coal-fired power stations by 2030. So it has all these very ambitious goals to change its energy mix, but that has made it relatively more reliant on gas. And when you’re more reliant on gas, you’re more reliant on Gazprom because that’s Europe’s major supplier.

Marc Filippino
Yeah, and Russia, in response to Germany’s move, said, OK, well, you know, this is going to have an impact on already high energy prices. How hard will higher prices hit Germany’s economy?

Guy Chazan
Well, we’ve already been getting a taste of it because over the past few months, energy experts have said that Gazprom seems to be deliberately withholding supplies to the spot market in Europe, and that has driven up prices. But it’s basically destroyed the reputation of Gazprom as a reliable supplier in Germany. The green minister of the economy yesterday said that explicitly, and that’s really a big change because in the past, whenever you sort of ask German officials, you know, what about this relationship with Russia? They always say, well, you know, even in the worst times during the cold war, Russia was a reliable supplier. Those flows of gas were never affected. But that seems to have changed in recent months, and the perception of Gazprom has accordingly changed as well in Germany.

Marc Filippino
So given that this perception of Gazprom has changed, what alternatives does Germany have when it comes to energy sources?

Guy Chazan
Well, none at the moment. That’s the problem. It basically is building a terminal for the import of LNG, liquefied natural gas. But that is very expensive, much more expensive than Gazprom’s gas. So it’s in a bit of a bind, really. But the big difference, I suppose, really from the Merkel era, the governments of Angela Merkel, is that we now have this government with the Greens, and they are determined for Germany to go carbon neutral in the next 25 years. And if that ambition is achieved, then there will be much, much more renewables, much more wind and solar, and much less reliance on fossil fuels such as oil, coal and gas.

Marc Filippino
Less of a question on the economics of this whole thing and more about the safety of German people. I mean, it’s the middle of February. If people aren’t able to heat their homes, is there a potential issue with people being safe and warm in Germany?

Guy Chazan
Well, I don’t think so, because the consensus is that Gazprom and Russia would not do anything as suicidal as withhold gas supplies to Germany. I mean that literally would be destroying an energy relationship, which is mutually, very, very beneficial. It’s not just Germany that benefits from this. It’s Russia, too, which relies very, very heavily on the flow of foreign currency into its exchequer. I think actually, if it were to come to that, Germany is actually quite well placed at the moment because the winter is drawing to an end and it’s getting sort of LNG shipments via Rotterdam. So it has been able to diversify. And apparently ministers have been saying the energy security situation is OK at the moment.

Marc Filippino
Guy Chazan is the FT’s Berlin bureau chief. Thank you, Guy.

Guy Chazan
Thanks.

[MUSIC PLAYING]

Marc Filippino
Moscow’s main stock benchmark has collapsed by a third since October. Markets have been responding to the escalating crisis in Ukraine. Investors are mostly worried about two things — one, a full-blown invasion by Russia into Ukraine, and two, how sanctions, which you know, we talked about earlier, will affect assets. Our capital markets correspondent Tommy Stubbington has been following this and says there’s one area in particular investors are watching.

Tommy Stubbington
Possibly the most extreme form of sanctions in terms of their impact on the Russian stock market would be an outright ban on trading Russian stocks or Russian bonds on the secondary market, which would make it effectively impossible for western investors to hold those assets. Now we’re not there yet, but I mean, obviously any outside risks that investors see will lead to investors effectively dumping the Russian assets that they hold, and they do hold those assets largely because they are included in the indices, the investment benchmarks, the billions and billions of dollars of investments follow.

Marc Filippino
Now how insulated is the market overall? And is it likely that the Kremlin would react?

Tommy Stubbington
Share price declines, on their own, are probably something that I imagine the Kremlin wouldn’t be too worried about. They’d be more worried about the sanctions hurting at the level of the whole economy. And on that basis, the Russian economy is fairly well insulated from sanctions by the high level of dollar reserves that their central bank holds, which, you know, should be able to protect the rouble from any kind of run from overseas investors. And so the answer is the, you know, the Russian economy is certainly more sanctions-proof than possibly it was in the past.

Marc Filippino
Tommy Stubbington is the FT’s capital markets correspondent.

[MUSIC PLAYING]

You can read more on all of these stories at FT.com. This has been your daily FT News Briefing. Make sure you check back tomorrow for the latest business news.

This transcript has been automatically generated. If by any chance there is an error please send the details for a correction to: typo@ft.com. We will do our best to make the amendment as soon as possible.

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Copyright The Financial Times Limited 2022. All rights reserved.
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The German government introduced the Renewable Energy Act to promote solar and wind power.

The German government introduced the Renewable Energy Act to promote solar and wind power.

The German government introduced the Renewable Energy Act to promote solar and wind power.

Germany faces challenges like a lack of skilled workers, insufficient grid capacity, and high energy costs hindering its transition to a low-carbon economy.

Title:

Content: A state-owned Dutch company, the biggest electricity grid operator in Germany, said on Thursday that talks to sell its German business to the Berlin government have ended.

TenneT, one of four transmission network operators in Germany, announced plans for the talks back in February 2023, saying at the time it needed a "structural solution" to funding needs for its German business as the grid is bolstered to handle the transition to renewable energy, which it put at about 15 billion euros ($16.1billion).

The transmission lines are vital for Germany's plans to completely shift its power production from fossil fuels to renewable energy by 2045 at the latest. At present, some of the electricity generated by wind farms in northern Germany can't be dispatched to the south due to lack of transmission capacity.

The German government has now informed the Netherlands that "it cannot deliver on the planned transaction due to budgetary challenges," TenneT said in a statement Thursday. Chancellor Olaf Scholz's three-party coalition is currently rowing about how to put together a 2025 budget while adhering to Germany's tight self-imposed rules on running up debt.

This has already forced a hasty, court-mandated rehash of the 2024 budget, complete with subsidy cuts that prompted protests by farmers. TenneT, which also runs the electricity grid in the Netherlands, spoke of "tapping into public or private capital markets for a structural funding solution for its German operations."

They further added that the German government "is committed to support such alternative solutions."

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The upper house of Germany's parliament signed off on a number of major legislative packages on Friday aimed at helping address inflation and soaring energy costsImage: Wolfgang Kumm/dpa/picture alliance
PoliticsGermany

Germany approves welfare reform, extends nuclear power

2 hours ago

Germany's upper house of parliament approved measures aimed at helping people hit hard by high energy prices and the high cost of living. The country's nuclear power extension will also take effect immediately.

https://p.dw.com/p/4K5HV

The upper house of Germany's parliament, the Bundesrat, approved extending the use of three nuclear power plants, overhauling unemployment benefits and other major legislation on Friday after heated debate among lawmakers.

After receiving approval from the Bundesrat, the measures will soon enter into law. DW breaks down what's set to change in 2023.

Nuclear power extension

The Bundesrat signed off on the extension of three nuclear power plants after the lower house, the Bundestag, approved the move earlier this month.

The nuclear plants — Isar 2, Neckarwestheim 2 and Emsland — will remain operational until April 2023 to provide enough power through the winter. The facilities had been slated to close at the end of this year under Germany's nuclear phaseout plans.

Chancellor Olaf Scholz decided to extend the life of the nuclear plants after Germany found itself facing a severe energy shortage. Russia turned off supplies of gas in response to the backlash over Moscow's invasion of Ukraine.

The extension was bitterly debated among Scholz's center-left Social Democrats (SPD), the environmentalist Greens and the pro-free market Free Democrats (FDP).

With Friday's approval from the upper house, the nuclear power plant extension will take effect immediately.

Germany set to keep nuclear plants running

Unemployment reform

Germany is set for a major welfare overhaul after the Bundesrat signed off on a compromise to reform unemployment benefits.

The changes will go into effect as of January 1, 2023, replacing the current and frequently criticized "Harz IV" unemployment benefits system that has been in place since 2005.

Under the new "Bürgergeld" system (which means "citizen's money"), those who are unemployed will get higher benefits and better vocational skills training.

The initial proposal by Scholz's government was rejected by conservative lawmakers in the Christian Democrats (CDU/CSU) bloc. Under the compromise, benefits could be cut during a six-month "trust period" if an unemployed person is deemed to not be looking hard enough for work.

According to the plans, those receiving benefits will also get more support in job training programs to prepare for permanent employment. The change also is an attempt to mitigate the shortage of skilled workers Germany is currently experiencing.

"This reform is a milestone of social policy in Germany," Scholz told the magazine Focus on Friday after the votes. "This reform put assistance for untrained people who belong to the long-term jobless front and center."

The measure must still be signed by German President Frank-Walter Steinmeier, although nearly all measures approved by the Bundesrat are signed-off by the president.

More money for Germany's unemployed?

Tax relief, higher child benefits

With inflation hitting consumers hard, lawmakers approved measures aimed at softening the blow.

The upper house approved legislation that would help people who receive pay raises that adjust for inflation. The new measures would prevent people having to pay more taxes due to pay raises.

Starting in January 2023, child benefit payments will also be raised. Families will now receive €250 ($260) per month for each child in the household.

The change is a big jump from the current system, which saw parents receive €219 per month for their first and second child, €225 per month for a third child, and €250 for each additional child.

More support for renters

The upper house of parliament also greenlit a law that seeks to help renters deal with skyrocketing heating costs.

Starting from January 1, renters will no longer have to shoulder the costs of heating with oil and natural gas — landlords and property owners will have to chip-in as well.

For buildings that are not energy efficient and produce a high proportion of CO2 emissions, landlords will need to pay more — and not the renters.

In addition, more people in low-income households will receive a housing allowance from the government. The expansion to the law means 1.4 million households are eligible for the payments, as opposed to the current 600,000 households that qualify.

While you're here: Every Tuesday, DW editors round up what is happening in German politics and society. You can sign up here for the weekly email newsletter Berlin Briefing.

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The country's focus on hydrogen energy is being closely watched for its potential to reduce greenhouse gas emissions.

The country's focus on hydrogen energy is being closely watched for its potential to reduce greenhouse gas emissions.

The country's focus on hydrogen energy is being closely watched for its potential to reduce greenhouse gas emissions.

A third of German manufacturers may move production abroad due to economic troubles.

German manufacturers considering relocation have doubled since 2022.

High energy prices, worsened by Germany's 2022 loss of Russian natural gas, are a major cause of problems for companies.

Germany's switch to renewables has put manufacturers at a disadvantage compared to other nations.

Miele, Viessmann, Volkswagen, and BASF are among companies relocating or investing in production outside Germany.

The EU has reclassified nuclear power and natural gas projects as green investments.

Title:

Content: The European Commission proposed at the beginning of this year to include nuclear energy and natural gas as green energy investment projects to promote private investment and help the EU achieve its climate goals. On July 6, the European Parliament voted to pass the supplementary authorization law with 328 votes and 278 votes.
Based on the European Union ’ s “Sustainability Classification Standard ” proposed in the Official Journal of the European Union in 2020, the classification system creates a list of sustainable economic activities to define what investments meet the criteria for sustainable energy. In the transition,“ some nuclear and natural gas ” under certain conditions will be considered as green energy, for example, banks will be able to lend to these “green assets ”. Financing for nuclear power plants or natural gas will be easier. Although the voices of both sides are fiercely fighting in the parliament, the new green energy standard will not be reversed from the voting results, and it is certain that it will be on the road in January 2023.
Big changes in the European Union ’ s sustainability category
In fact, since the Russian invasion of Ukraine, global oil and gas and other energy prices have continued to soar, and European countries that have joined the ranks of sanctions have been in a dilemma because they rely heavily on Russian oil and gas exports.
According to the commitment of the European Union, to achieve carbon neutrality by 2050 and to reduce carbon by 50-55% by 2030, some European countries maintain that natural gas emissions are far lower than fossil fuels, so it can be regarded as a transition option. In order to avoid the threat of Russia cutting off natural gas supply, some countries began to buy liquefied natural gas (LNG) from the United States and Australia, or signed a long-term agreement with natural gas suppliers to ensure supply, and vigorously invested in renewable energy construction is also the way of most European countries. The only way to achieve carbon-neutral standards is to continue building more nuclear plants; Germany is on track to complete nuclear elimination, with only three remaining plants still in operation, and the remaining plants will be completely decommissioned by the end of this year, according to the government plan.
The United States, on the other side of the globe, has set up a $6 billion fund to help nuclear plants continue to operate despite having the world ’ s largest nuclear power plant, and passed a bill last year to expand nuclear power development. According to the International Energy Agency (IEA), countries that choose to continue or increase their use of nuclear energy can reduce their dependence on imported fossil fuels, reduce carbon emissions and integrate their power systems into more solar and wind power. Carbon emissions, global nuclear power generation needs to be increased from the current 413 GW to at least 812 GW.
For the full text and chart, please refer to "Investment Weekly Issue 2204".
# Earth # Global # System # Nuclear Power Plant # Natural Gas

The reclassification will make it easier for companies to secure funding.

Germany's parliament has approved extending three nuclear power plants until April 2023.

Extending nuclear power plants may reduce energy shortages, but not high prices.

Extending the operation of nuclear power plants could be costly, requiring new fuel and maintenance.

Extending nuclear power plant operations is seen as a short-term solution to the energy crisis.

Germany's long-term energy plan remains uncertain, pending alternative energy developments.

Germany aims to generate 80% of its electricity from renewables by 2030 and achieve climate neutrality by 2045.

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Content: People 's Network > > International
Germany's onshore fan capacity in the first nine months of this year has exceeded last year's
October 15, 2023, 10: 01 | Source: Xinhua Network
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BERLIN, Oct. 14 (Xinhua) -- The latest statistics released by the German Onshore Wind Energy Agency show that as of the end of September, the installed capacity of onshore wind energy newly put into operation in Germany has exceeded the full year of 2022, and Germany is accelerating the expansion of onshore wind power.
According to statistics released by the agency on the 12th, Germany added 2,436 megawatts of onshore fan capacity in the first nine months of this year, surpassing the 2,405 megawatts in the whole of last year.
More than a third of the new fan capacity this year was built in the northern German state of Shihe, and relatively few new fans were built in the southern region, accounting for only 7% of the total capacity.
With the rapid growth of new fan capacity, the approval of wind energy projects is also accelerating.
As of the end of September, Germany has approved 5.2 GW of new wind projects, which is also more than the same period in any previous year.
North Wales and Ishikawa each approved more than 1.1 GW of wind energy projects.
According to statistics released by the German Federal Statistical Office in September, more than half of Germany ’ s electricity generation in the first half of 2023 came from renewable sources, accounting for 53.4%.
Wind energy overtook coal as the most important source of electricity, accounting for 28.6% of total electricity generation.
Germany aims to achieve at least 80% of the electricity supply from renewable sources by 2030 and become one of the first industrial countries in the world to achieve a climate neutral transition by 2045.
Germany plans to increase its onshore wind capacity by 10 gigawatts per year.
Despite rapid expansion, Germany still faces challenges in meeting its wind energy development goals.
According to the German Wind Energy Association, Germany needs to take a series of measures to reduce bureaucracy and speed up the relevant procedures.
German Chancellor Gerhard Schorz said at the Hannover Messe in April that if Germany is to meet its climate targets, it "will need to build an average of four to five wind turbines a day and install solar systems with an area equivalent to more than 40 football fields".
(Edited by: Su Yushang, Cui Yue)
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Germany plans to increase its onshore wind power capacity by 10 GW per year, despite facing significant challenges in achieving its wind power goals.

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Content: People 's Network > > International
Germany's onshore fan capacity in the first nine months of this year has exceeded last year's
October 15, 2023, 10: 01 | Source: Xinhua Network
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BERLIN, Oct. 14 (Xinhua) -- The latest statistics released by the German Onshore Wind Energy Agency show that as of the end of September, the installed capacity of onshore wind energy newly put into operation in Germany has exceeded the full year of 2022, and Germany is accelerating the expansion of onshore wind power.
According to statistics released by the agency on the 12th, Germany added 2,436 megawatts of onshore fan capacity in the first nine months of this year, surpassing the 2,405 megawatts in the whole of last year.
More than a third of the new fan capacity this year was built in the northern German state of Shihe, and relatively few new fans were built in the southern region, accounting for only 7% of the total capacity.
With the rapid growth of new fan capacity, the approval of wind energy projects is also accelerating.
As of the end of September, Germany has approved 5.2 GW of new wind projects, which is also more than the same period in any previous year.
North Wales and Ishikawa each approved more than 1.1 GW of wind energy projects.
According to statistics released by the German Federal Statistical Office in September, more than half of Germany ’ s electricity generation in the first half of 2023 came from renewable sources, accounting for 53.4%.
Wind energy overtook coal as the most important source of electricity, accounting for 28.6% of total electricity generation.
Germany aims to achieve at least 80% of the electricity supply from renewable sources by 2030 and become one of the first industrial countries in the world to achieve a climate neutral transition by 2045.
Germany plans to increase its onshore wind capacity by 10 gigawatts per year.
Despite rapid expansion, Germany still faces challenges in meeting its wind energy development goals.
According to the German Wind Energy Association, Germany needs to take a series of measures to reduce bureaucracy and speed up the relevant procedures.
German Chancellor Gerhard Schorz said at the Hannover Messe in April that if Germany is to meet its climate targets, it "will need to build an average of four to five wind turbines a day and install solar systems with an area equivalent to more than 40 football fields".
(Edited by: Su Yushang, Cui Yue)
Share it so more people can see it.
Back to top

Germany's renewable energy sector is hindered by limited transmission capacity, with grid upgrades estimated to cost around 15 billion euros.

Title:

Content: A state-owned Dutch company, the biggest electricity grid operator in Germany, said on Thursday that talks to sell its German business to the Berlin government have ended.

TenneT, one of four transmission network operators in Germany, announced plans for the talks back in February 2023, saying at the time it needed a "structural solution" to funding needs for its German business as the grid is bolstered to handle the transition to renewable energy, which it put at about 15 billion euros ($16.1billion).

The transmission lines are vital for Germany's plans to completely shift its power production from fossil fuels to renewable energy by 2045 at the latest. At present, some of the electricity generated by wind farms in northern Germany can't be dispatched to the south due to lack of transmission capacity.

The German government has now informed the Netherlands that "it cannot deliver on the planned transaction due to budgetary challenges," TenneT said in a statement Thursday. Chancellor Olaf Scholz's three-party coalition is currently rowing about how to put together a 2025 budget while adhering to Germany's tight self-imposed rules on running up debt.

This has already forced a hasty, court-mandated rehash of the 2024 budget, complete with subsidy cuts that prompted protests by farmers. TenneT, which also runs the electricity grid in the Netherlands, spoke of "tapping into public or private capital markets for a structural funding solution for its German operations."

They further added that the German government "is committed to support such alternative solutions."

The German government's budgetary challenges are hindering its planned purchase of TenneT's German business, which could help address grid capacity issues.

Title:

Content: A state-owned Dutch company, the biggest electricity grid operator in Germany, said on Thursday that talks to sell its German business to the Berlin government have ended.

TenneT, one of four transmission network operators in Germany, announced plans for the talks back in February 2023, saying at the time it needed a "structural solution" to funding needs for its German business as the grid is bolstered to handle the transition to renewable energy, which it put at about 15 billion euros ($16.1billion).

The transmission lines are vital for Germany's plans to completely shift its power production from fossil fuels to renewable energy by 2045 at the latest. At present, some of the electricity generated by wind farms in northern Germany can't be dispatched to the south due to lack of transmission capacity.

The German government has now informed the Netherlands that "it cannot deliver on the planned transaction due to budgetary challenges," TenneT said in a statement Thursday. Chancellor Olaf Scholz's three-party coalition is currently rowing about how to put together a 2025 budget while adhering to Germany's tight self-imposed rules on running up debt.

This has already forced a hasty, court-mandated rehash of the 2024 budget, complete with subsidy cuts that prompted protests by farmers. TenneT, which also runs the electricity grid in the Netherlands, spoke of "tapping into public or private capital markets for a structural funding solution for its German operations."

They further added that the German government "is committed to support such alternative solutions."

Budget constraints have led to subsidy cuts and farmer protests, underscoring the need for stable renewable energy funding.

Title:

Content: A state-owned Dutch company, the biggest electricity grid operator in Germany, said on Thursday that talks to sell its German business to the Berlin government have ended.

TenneT, one of four transmission network operators in Germany, announced plans for the talks back in February 2023, saying at the time it needed a "structural solution" to funding needs for its German business as the grid is bolstered to handle the transition to renewable energy, which it put at about 15 billion euros ($16.1billion).

The transmission lines are vital for Germany's plans to completely shift its power production from fossil fuels to renewable energy by 2045 at the latest. At present, some of the electricity generated by wind farms in northern Germany can't be dispatched to the south due to lack of transmission capacity.

The German government has now informed the Netherlands that "it cannot deliver on the planned transaction due to budgetary challenges," TenneT said in a statement Thursday. Chancellor Olaf Scholz's three-party coalition is currently rowing about how to put together a 2025 budget while adhering to Germany's tight self-imposed rules on running up debt.

This has already forced a hasty, court-mandated rehash of the 2024 budget, complete with subsidy cuts that prompted protests by farmers. TenneT, which also runs the electricity grid in the Netherlands, spoke of "tapping into public or private capital markets for a structural funding solution for its German operations."

They further added that the German government "is committed to support such alternative solutions."

Germany has set ambitious renewable energy targets, but achieving them is time-sensitive and will require significant investment in areas like electric vehicles.

The EU and Germany aim to achieve climate neutrality by 2035 and 2045, respectively, requiring a rapid transition to electric vehicles.

The EU and Germany aim to achieve climate neutrality by 2035 and 2045, respectively, requiring a rapid transition to electric vehicles.

The EU and Germany aim to achieve climate neutrality by 2035 and 2045, respectively, requiring a rapid transition to electric vehicles.

Germany may face a 4-gigawatt power shortage by 2025 due to the phase-out of nuclear and coal power.

Title:

Content: Consulting firm: Germany could face energy shortage by 2025
World News
Copy Link https: / / en.rt.com / uv8u
A study by consulting firm McKinsey in Germany has revealed that the country could face an electricity shortage by 2025, estimated at around 4 gigawatts.
The Welt am Sonntag, citing the study, noted that “electricity consumption is increasing, but reliable power plants are being phased out.
Therefore, Germany will soon not be able to cover peak loads on its own. ”
According to consultancy McKinsey, Germany will soon be unable to meet its electricity demand from its own resources during peak periods, and a supply outage in 2030 will occur nearly 100 times in total, the longest phase can last about 21 hours.
"According to these calculations, already in 2025 there is a risk of a power supply deficit of 4 GW, which will rise to 30 GW by 2030," the report says, explaining that the capacity of 30 GW corresponds to about 30 large thermal power plants.
Earlier, the German Federal Grid Agency released on the security of the country ’ s electricity supply, which was approved by the cabinet at the end of January, and the report says that the electricity supply will remain reliable despite the phase-out of nuclear power and coal.
Germany was originally planned to give up nuclear power at the beginning of last year 2022, and three of the country ’ s last six nuclear power plants have already been shut down.
In November, the Bundestag agreed to continue operating Germany ’ s three nuclear power plants Isar-2, Neckarwestheim-2 and Emsland until April 15, 2023.
On 9 February, the head of the administration of the Hungarian Prime Minister, Grigi Goyash, declared that Europe was the biggest loser of the Ukrainian crisis, with European countries paying ten times more for energy resources than the United States.
Source: Novosti
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The country's increasing electricity consumption and phasing out of reliable power plants raise concerns about energy system stability.

Title:

Content: Consulting firm: Germany could face energy shortage by 2025
World News
Copy Link https: / / en.rt.com / uv8u
A study by consulting firm McKinsey in Germany has revealed that the country could face an electricity shortage by 2025, estimated at around 4 gigawatts.
The Welt am Sonntag, citing the study, noted that “electricity consumption is increasing, but reliable power plants are being phased out.
Therefore, Germany will soon not be able to cover peak loads on its own. ”
According to consultancy McKinsey, Germany will soon be unable to meet its electricity demand from its own resources during peak periods, and a supply outage in 2030 will occur nearly 100 times in total, the longest phase can last about 21 hours.
"According to these calculations, already in 2025 there is a risk of a power supply deficit of 4 GW, which will rise to 30 GW by 2030," the report says, explaining that the capacity of 30 GW corresponds to about 30 large thermal power plants.
Earlier, the German Federal Grid Agency released on the security of the country ’ s electricity supply, which was approved by the cabinet at the end of January, and the report says that the electricity supply will remain reliable despite the phase-out of nuclear power and coal.
Germany was originally planned to give up nuclear power at the beginning of last year 2022, and three of the country ’ s last six nuclear power plants have already been shut down.
In November, the Bundestag agreed to continue operating Germany ’ s three nuclear power plants Isar-2, Neckarwestheim-2 and Emsland until April 15, 2023.
On 9 February, the head of the administration of the Hungarian Prime Minister, Grigi Goyash, declared that Europe was the biggest loser of the Ukrainian crisis, with European countries paying ten times more for energy resources than the United States.
Source: Novosti
Agree.
This website uses cookies. You can read the terms of use to activate this feature by clicking here

Germany may face around 100 power supply interruptions by 2030, lasting up to 21 hours.

Title:

Content: Consulting firm: Germany could face energy shortage by 2025
World News
Copy Link https: / / en.rt.com / uv8u
A study by consulting firm McKinsey in Germany has revealed that the country could face an electricity shortage by 2025, estimated at around 4 gigawatts.
The Welt am Sonntag, citing the study, noted that “electricity consumption is increasing, but reliable power plants are being phased out.
Therefore, Germany will soon not be able to cover peak loads on its own. ”
According to consultancy McKinsey, Germany will soon be unable to meet its electricity demand from its own resources during peak periods, and a supply outage in 2030 will occur nearly 100 times in total, the longest phase can last about 21 hours.
"According to these calculations, already in 2025 there is a risk of a power supply deficit of 4 GW, which will rise to 30 GW by 2030," the report says, explaining that the capacity of 30 GW corresponds to about 30 large thermal power plants.
Earlier, the German Federal Grid Agency released on the security of the country ’ s electricity supply, which was approved by the cabinet at the end of January, and the report says that the electricity supply will remain reliable despite the phase-out of nuclear power and coal.
Germany was originally planned to give up nuclear power at the beginning of last year 2022, and three of the country ’ s last six nuclear power plants have already been shut down.
In November, the Bundestag agreed to continue operating Germany ’ s three nuclear power plants Isar-2, Neckarwestheim-2 and Emsland until April 15, 2023.
On 9 February, the head of the administration of the Hungarian Prime Minister, Grigi Goyash, declared that Europe was the biggest loser of the Ukrainian crisis, with European countries paying ten times more for energy resources than the United States.
Source: Novosti
Agree.
This website uses cookies. You can read the terms of use to activate this feature by clicking here

A power supply shortage of 4 gigawatts is expected in 2025, rising to 30 gigawatts by 2030.

Title:

Content: Consulting firm: Germany could face energy shortage by 2025
World News
Copy Link https: / / en.rt.com / uv8u
A study by consulting firm McKinsey in Germany has revealed that the country could face an electricity shortage by 2025, estimated at around 4 gigawatts.
The Welt am Sonntag, citing the study, noted that “electricity consumption is increasing, but reliable power plants are being phased out.
Therefore, Germany will soon not be able to cover peak loads on its own. ”
According to consultancy McKinsey, Germany will soon be unable to meet its electricity demand from its own resources during peak periods, and a supply outage in 2030 will occur nearly 100 times in total, the longest phase can last about 21 hours.
"According to these calculations, already in 2025 there is a risk of a power supply deficit of 4 GW, which will rise to 30 GW by 2030," the report says, explaining that the capacity of 30 GW corresponds to about 30 large thermal power plants.
Earlier, the German Federal Grid Agency released on the security of the country ’ s electricity supply, which was approved by the cabinet at the end of January, and the report says that the electricity supply will remain reliable despite the phase-out of nuclear power and coal.
Germany was originally planned to give up nuclear power at the beginning of last year 2022, and three of the country ’ s last six nuclear power plants have already been shut down.
In November, the Bundestag agreed to continue operating Germany ’ s three nuclear power plants Isar-2, Neckarwestheim-2 and Emsland until April 15, 2023.
On 9 February, the head of the administration of the Hungarian Prime Minister, Grigi Goyash, declared that Europe was the biggest loser of the Ukrainian crisis, with European countries paying ten times more for energy resources than the United States.
Source: Novosti
Agree.
This website uses cookies. You can read the terms of use to activate this feature by clicking here

The German Bundestag approved the operation of the country's three remaining nuclear power plants until April 15, 2023.

Title:

Content: Consulting firm: Germany could face energy shortage by 2025
World News
Copy Link https: / / en.rt.com / uv8u
A study by consulting firm McKinsey in Germany has revealed that the country could face an electricity shortage by 2025, estimated at around 4 gigawatts.
The Welt am Sonntag, citing the study, noted that “electricity consumption is increasing, but reliable power plants are being phased out.
Therefore, Germany will soon not be able to cover peak loads on its own. ”
According to consultancy McKinsey, Germany will soon be unable to meet its electricity demand from its own resources during peak periods, and a supply outage in 2030 will occur nearly 100 times in total, the longest phase can last about 21 hours.
"According to these calculations, already in 2025 there is a risk of a power supply deficit of 4 GW, which will rise to 30 GW by 2030," the report says, explaining that the capacity of 30 GW corresponds to about 30 large thermal power plants.
Earlier, the German Federal Grid Agency released on the security of the country ’ s electricity supply, which was approved by the cabinet at the end of January, and the report says that the electricity supply will remain reliable despite the phase-out of nuclear power and coal.
Germany was originally planned to give up nuclear power at the beginning of last year 2022, and three of the country ’ s last six nuclear power plants have already been shut down.
In November, the Bundestag agreed to continue operating Germany ’ s three nuclear power plants Isar-2, Neckarwestheim-2 and Emsland until April 15, 2023.
On 9 February, the head of the administration of the Hungarian Prime Minister, Grigi Goyash, declared that Europe was the biggest loser of the Ukrainian crisis, with European countries paying ten times more for energy resources than the United States.
Source: Novosti
Agree.
This website uses cookies. You can read the terms of use to activate this feature by clicking here

Germany's power supply will remain reliable, but the phase-out of nuclear and coal power may impact the energy market.

Title:

Content: Consulting firm: Germany could face energy shortage by 2025
World News
Copy Link https: / / en.rt.com / uv8u
A study by consulting firm McKinsey in Germany has revealed that the country could face an electricity shortage by 2025, estimated at around 4 gigawatts.
The Welt am Sonntag, citing the study, noted that “electricity consumption is increasing, but reliable power plants are being phased out.
Therefore, Germany will soon not be able to cover peak loads on its own. ”
According to consultancy McKinsey, Germany will soon be unable to meet its electricity demand from its own resources during peak periods, and a supply outage in 2030 will occur nearly 100 times in total, the longest phase can last about 21 hours.
"According to these calculations, already in 2025 there is a risk of a power supply deficit of 4 GW, which will rise to 30 GW by 2030," the report says, explaining that the capacity of 30 GW corresponds to about 30 large thermal power plants.
Earlier, the German Federal Grid Agency released on the security of the country ’ s electricity supply, which was approved by the cabinet at the end of January, and the report says that the electricity supply will remain reliable despite the phase-out of nuclear power and coal.
Germany was originally planned to give up nuclear power at the beginning of last year 2022, and three of the country ’ s last six nuclear power plants have already been shut down.
In November, the Bundestag agreed to continue operating Germany ’ s three nuclear power plants Isar-2, Neckarwestheim-2 and Emsland until April 15, 2023.
On 9 February, the head of the administration of the Hungarian Prime Minister, Grigi Goyash, declared that Europe was the biggest loser of the Ukrainian crisis, with European countries paying ten times more for energy resources than the United States.
Source: Novosti
Agree.
This website uses cookies. You can read the terms of use to activate this feature by clicking here

The Russian-Ukrainian war has caused an energy crisis in Germany, hindering its climate goals.

Germany's energy transition has been ongoing for decades, with around 46% of its energy coming from renewable sources.

Germany's energy transition is hindered by its unstable and inefficient energy grid, particularly in transporting energy from north to south.

Title:

Content: A state-owned Dutch company, the biggest electricity grid operator in Germany, said on Thursday that talks to sell its German business to the Berlin government have ended.

TenneT, one of four transmission network operators in Germany, announced plans for the talks back in February 2023, saying at the time it needed a "structural solution" to funding needs for its German business as the grid is bolstered to handle the transition to renewable energy, which it put at about 15 billion euros ($16.1billion).

The transmission lines are vital for Germany's plans to completely shift its power production from fossil fuels to renewable energy by 2045 at the latest. At present, some of the electricity generated by wind farms in northern Germany can't be dispatched to the south due to lack of transmission capacity.

The German government has now informed the Netherlands that "it cannot deliver on the planned transaction due to budgetary challenges," TenneT said in a statement Thursday. Chancellor Olaf Scholz's three-party coalition is currently rowing about how to put together a 2025 budget while adhering to Germany's tight self-imposed rules on running up debt.

This has already forced a hasty, court-mandated rehash of the 2024 budget, complete with subsidy cuts that prompted protests by farmers. TenneT, which also runs the electricity grid in the Netherlands, spoke of "tapping into public or private capital markets for a structural funding solution for its German operations."

They further added that the German government "is committed to support such alternative solutions."

High energy costs are a significant challenge for German businesses, especially small and medium-sized enterprises.

Title:

Content: Advertisment

Germany Achieves 10% Reduction in Greenhouse Gas Emissions, On Track for 2030 Climate Goals

Germany achieves a 10.1% cut in greenhouse gas emissions in 2023, marking significant progress in its journey towards environmental sustainability.

Nimrah Khatoon
New Update

Germany marked a significant milestone in its environmental efforts, reporting a 10.1% decrease in greenhouse gas emissions in 2023, as confirmed by official data. Vice Chancellor Robert Habeck, doubling as the economy and climate minister, announced that with about 673 million tons of greenhouse gases emitted last year, Germany is poised to meet its ambitious 2030 target of reducing emissions by 65% relative to 1990 levels. This progress is attributed to the robust expansion of renewable energy sources and a strategic move away from coal and gas, despite the economic challenges faced by businesses and consumers.

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Strategic Expansion of Renewable Energy

The Federal Environmental Agency highlighted the country's "very successful expansion of renewable energies" as a pivotal factor in the emission reduction. Germany's focused efforts on solar and wind power and other renewable sources have not only contributed to the decline in emissions but also positioned the country as a leader in renewable energy adoption. However, the agency also pointed out that more efforts are needed, especially in the transport sector, to continue this positive trend.

Challenges and Projections

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The ministry led by Habeck noted that while projections for the coming years are promising, showing a potential decline in emissions by nearly 64% by 2030 compared with 1990, challenges remain. The transport sector, in particular, requires significant advancements in electric mobility and a reevaluation of subsidies. The country's economic performance, impacted by high energy prices and global economic instability, underscores the need for continued dedication to environmental goals amidst adversity.

Looking Forward

Germany's commitment to achieving net-zero emissions by 2045 remains steadfast, with renewable energy playing a crucial role in this journey. The nation's progress, including the notable decline in greenhouse gas emissions in 2023, serves as a testament to its capacity for green transformation. As Germany continues on this path, the global community watches closely, recognizing the potential ripple effect of its actions on international climate policy and the broader fight against climate change.

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Germany relies heavily on China for solar panels, importing around 95%.

Germany relies heavily on China for solar panels, importing around 95%.

Germany relies heavily on China for solar panels, importing around 95%.

The German government has introduced a €900 billion energy package and a hydrogen plan to support the energy transition.

The German government has introduced a €900 billion energy package and a hydrogen plan to support the energy transition.

The German government has introduced a €900 billion energy package and a hydrogen plan to support the energy transition.

Germany still faces significant challenges in achieving its energy transition goals due to underinvestment in grid infrastructure and insufficient international cooperation.

Title:

Content: A state-owned Dutch company, the biggest electricity grid operator in Germany, said on Thursday that talks to sell its German business to the Berlin government have ended.

TenneT, one of four transmission network operators in Germany, announced plans for the talks back in February 2023, saying at the time it needed a "structural solution" to funding needs for its German business as the grid is bolstered to handle the transition to renewable energy, which it put at about 15 billion euros ($16.1billion).

The transmission lines are vital for Germany's plans to completely shift its power production from fossil fuels to renewable energy by 2045 at the latest. At present, some of the electricity generated by wind farms in northern Germany can't be dispatched to the south due to lack of transmission capacity.

The German government has now informed the Netherlands that "it cannot deliver on the planned transaction due to budgetary challenges," TenneT said in a statement Thursday. Chancellor Olaf Scholz's three-party coalition is currently rowing about how to put together a 2025 budget while adhering to Germany's tight self-imposed rules on running up debt.

This has already forced a hasty, court-mandated rehash of the 2024 budget, complete with subsidy cuts that prompted protests by farmers. TenneT, which also runs the electricity grid in the Netherlands, spoke of "tapping into public or private capital markets for a structural funding solution for its German operations."

They further added that the German government "is committed to support such alternative solutions."

The European Commission has classified gas and nuclear power as climate-friendly, amid protests from Germany, Austria, and environment campaigners.

Title:

Content: EU defies critics to power ahead with 'green' gas and nuclear plans

Commission says countries must accept imperfect solutions in green transition

The EU’s executive branch will press ahead with plans to classify gas and nuclear power as climate-friendly despite protests from environment campaigners and member states including Germany and Austria.

In a victory for pro-nuclear countries such as France, the European Commission announced that the two power sources would be included in a menu of green investments for the private sector.

Mairead McGuinness, the commissioner for financial services, said the urgent need to scrap coal power meant accepting “imperfect solutions” until Europe can get more of its power from renewable sources.

“I believe that we have found a balance between fundamentally different opinions in supporting the road to decarbonisation,” she said after the 27-member commission approved the proposals on Wednesday.

They were presented in draft form on January 1, beginning a month-long consultation in which Germany and others lodged objections.

Ms McGuinness said the green list known as the EU taxonomy was a tool of financial policy, meant to steer private investment towards green activities, and did not force anyone to use or invest in nuclear or gas.

But critics said the taxonomy undermines the EU’s credibility in climate policy and constitutes an act of greenwashing, or passing off polluting activities as environmentally friendly.

Although nuclear power produces minimal carbon emissions, it is controversial because of the waste it produces and the risk of an accident. Gas-fired plants emit carbon dioxide, although they are regarded as less harmful than coal.

Protesters at commission headquarters staged a mock burial for the EU’s so-called Green Deal agenda on Wednesday, saying the plan to become the first climate-neutral continent by 2050 is weakened by political horse-trading.

"I’d like to report an attempted robbery, please," joked Greenpeace campaigner Ariadna Rodrigo. "Someone is trying to take billions of euros away from renewables and sink them into technologies that either do nothing to fight the climate crisis, like nuclear, or which actively make the problem worse."

'Back room deal'

The inclusion of both nuclear and gas was seen as a potential compromise between atomic power reliant France and its neighbour Germany, which is on the brink of abolishing nuclear power but will need gas to fill the gap.

“A trustworthy taxonomy requires science as its basis, not back room doors between a few EU leaders,” said Paul Tang, a Dutch member of an economic affairs committee in the European Parliament.

“For a global leader in the fight against climate change, labelling fossil gas and nuclear as sustainable is a strange hill to die on”.

Markus Ferber, a German MEP, said the commission had failed to listen to its critics during a four-week consultation.

Criticism from countries such as Germany, Austria and Luxembourg “has not been heard by the European Commission”, he said.

Ms McGuinness said technical adjustments had been made in response to feedback, including amendments to the rules for gas and nuclear to qualify for the green list.

Gas-fired plants will be subject to emissions caps, they should replace an existing coal facility and should be aiming to switch to low-carbon energy sources by 2035.

Investment in nuclear plants can include upgrades to reactors, but will have to meet what the commission described as comprehensive safety and waste requirements.

Parliament clash

Opponents have four months to move against the plans with a vote in the European Council or Parliament, but they do not have the required majority in the first and the picture in the second is uncertain.

Esther de Lange, a climate spokeswoman for the largest bloc in the Parliament, faulted the commission for failing to consult MEPs but said the taxonomy offered “much-needed clarity”.

“To reduce Europe's CO2 emissions, we need gas. Not for ever and everywhere, but for a transitional period and in certain situations,” she said.

Austria separately plans to file a lawsuit against the plans, although Germany said that it regards the prospects for a successful legal challenge as poor.

An earlier section of the taxonomy, which gives the green badge to less controversial energy sources, is already in force.

It does not require companies to choose climate-friendly investments, but aims to give a definitive measure of their environmental impact – after the Cop26 summit brought promises from the private sector to act climate-consciously.

Ms McGuinness said the transitional use of gas and nuclear was necessary in part because 15 per cent of electricity production in Europe still relies on coal.

“Today is a means to an end. The end is a low-carbon future powered by renewable energy,” she said.

“We need to move as fast as we can from the highest-carbon energy sources like coal. During this transition, that may mean accepting imperfect solutions.”

Updated: February 2nd 2022, 12:55 PM

The EU taxonomy includes gas and nuclear power to support a low-carbon future.

Nuclear power has low carbon emissions, but is controversial due to waste and accident risks.

The EU taxonomy considers gas-fired plants green if they meet emissions caps, replace coal facilities, and plan to switch to low-carbon sources by 2035.

Germany needs gas to replace nuclear power, whereas France relies on atomic power.

The European Commission made technical adjustments to the taxonomy, including rule changes for gas and nuclear.

Germany's greenhouse gas emissions decreased by 10.1% in 2023.

Title:

Content: Advertisment

Germany Achieves 10% Reduction in Greenhouse Gas Emissions, On Track for 2030 Climate Goals

Germany achieves a 10.1% cut in greenhouse gas emissions in 2023, marking significant progress in its journey towards environmental sustainability.

Nimrah Khatoon
New Update

Germany marked a significant milestone in its environmental efforts, reporting a 10.1% decrease in greenhouse gas emissions in 2023, as confirmed by official data. Vice Chancellor Robert Habeck, doubling as the economy and climate minister, announced that with about 673 million tons of greenhouse gases emitted last year, Germany is poised to meet its ambitious 2030 target of reducing emissions by 65% relative to 1990 levels. This progress is attributed to the robust expansion of renewable energy sources and a strategic move away from coal and gas, despite the economic challenges faced by businesses and consumers.

Advertisment

Strategic Expansion of Renewable Energy

The Federal Environmental Agency highlighted the country's "very successful expansion of renewable energies" as a pivotal factor in the emission reduction. Germany's focused efforts on solar and wind power and other renewable sources have not only contributed to the decline in emissions but also positioned the country as a leader in renewable energy adoption. However, the agency also pointed out that more efforts are needed, especially in the transport sector, to continue this positive trend.

Challenges and Projections

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The ministry led by Habeck noted that while projections for the coming years are promising, showing a potential decline in emissions by nearly 64% by 2030 compared with 1990, challenges remain. The transport sector, in particular, requires significant advancements in electric mobility and a reevaluation of subsidies. The country's economic performance, impacted by high energy prices and global economic instability, underscores the need for continued dedication to environmental goals amidst adversity.

Looking Forward

Germany's commitment to achieving net-zero emissions by 2045 remains steadfast, with renewable energy playing a crucial role in this journey. The nation's progress, including the notable decline in greenhouse gas emissions in 2023, serves as a testament to its capacity for green transformation. As Germany continues on this path, the global community watches closely, recognizing the potential ripple effect of its actions on international climate policy and the broader fight against climate change.

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The country is on track to reduce emissions by 65% by 2030, relative to 1990 levels.

Title:

Content: Advertisment

Germany Achieves 10% Reduction in Greenhouse Gas Emissions, On Track for 2030 Climate Goals

Germany achieves a 10.1% cut in greenhouse gas emissions in 2023, marking significant progress in its journey towards environmental sustainability.

Nimrah Khatoon
New Update

Germany marked a significant milestone in its environmental efforts, reporting a 10.1% decrease in greenhouse gas emissions in 2023, as confirmed by official data. Vice Chancellor Robert Habeck, doubling as the economy and climate minister, announced that with about 673 million tons of greenhouse gases emitted last year, Germany is poised to meet its ambitious 2030 target of reducing emissions by 65% relative to 1990 levels. This progress is attributed to the robust expansion of renewable energy sources and a strategic move away from coal and gas, despite the economic challenges faced by businesses and consumers.

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Strategic Expansion of Renewable Energy

The Federal Environmental Agency highlighted the country's "very successful expansion of renewable energies" as a pivotal factor in the emission reduction. Germany's focused efforts on solar and wind power and other renewable sources have not only contributed to the decline in emissions but also positioned the country as a leader in renewable energy adoption. However, the agency also pointed out that more efforts are needed, especially in the transport sector, to continue this positive trend.

Challenges and Projections

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The ministry led by Habeck noted that while projections for the coming years are promising, showing a potential decline in emissions by nearly 64% by 2030 compared with 1990, challenges remain. The transport sector, in particular, requires significant advancements in electric mobility and a reevaluation of subsidies. The country's economic performance, impacted by high energy prices and global economic instability, underscores the need for continued dedication to environmental goals amidst adversity.

Looking Forward

Germany's commitment to achieving net-zero emissions by 2045 remains steadfast, with renewable energy playing a crucial role in this journey. The nation's progress, including the notable decline in greenhouse gas emissions in 2023, serves as a testament to its capacity for green transformation. As Germany continues on this path, the global community watches closely, recognizing the potential ripple effect of its actions on international climate policy and the broader fight against climate change.

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Emissions have decreased due to the expansion of renewables and a shift away from coal and gas.

Title:

Content: Advertisment

Germany Achieves 10% Reduction in Greenhouse Gas Emissions, On Track for 2030 Climate Goals

Germany achieves a 10.1% cut in greenhouse gas emissions in 2023, marking significant progress in its journey towards environmental sustainability.

Nimrah Khatoon
New Update

Germany marked a significant milestone in its environmental efforts, reporting a 10.1% decrease in greenhouse gas emissions in 2023, as confirmed by official data. Vice Chancellor Robert Habeck, doubling as the economy and climate minister, announced that with about 673 million tons of greenhouse gases emitted last year, Germany is poised to meet its ambitious 2030 target of reducing emissions by 65% relative to 1990 levels. This progress is attributed to the robust expansion of renewable energy sources and a strategic move away from coal and gas, despite the economic challenges faced by businesses and consumers.

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Strategic Expansion of Renewable Energy

The Federal Environmental Agency highlighted the country's "very successful expansion of renewable energies" as a pivotal factor in the emission reduction. Germany's focused efforts on solar and wind power and other renewable sources have not only contributed to the decline in emissions but also positioned the country as a leader in renewable energy adoption. However, the agency also pointed out that more efforts are needed, especially in the transport sector, to continue this positive trend.

Challenges and Projections

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The ministry led by Habeck noted that while projections for the coming years are promising, showing a potential decline in emissions by nearly 64% by 2030 compared with 1990, challenges remain. The transport sector, in particular, requires significant advancements in electric mobility and a reevaluation of subsidies. The country's economic performance, impacted by high energy prices and global economic instability, underscores the need for continued dedication to environmental goals amidst adversity.

Looking Forward

Germany's commitment to achieving net-zero emissions by 2045 remains steadfast, with renewable energy playing a crucial role in this journey. The nation's progress, including the notable decline in greenhouse gas emissions in 2023, serves as a testament to its capacity for green transformation. As Germany continues on this path, the global community watches closely, recognizing the potential ripple effect of its actions on international climate policy and the broader fight against climate change.

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Germany emitted 673 million tons of greenhouse gases in 2023.

Title:

Content: Advertisment

Germany Achieves 10% Reduction in Greenhouse Gas Emissions, On Track for 2030 Climate Goals

Germany achieves a 10.1% cut in greenhouse gas emissions in 2023, marking significant progress in its journey towards environmental sustainability.

Nimrah Khatoon
New Update

Germany marked a significant milestone in its environmental efforts, reporting a 10.1% decrease in greenhouse gas emissions in 2023, as confirmed by official data. Vice Chancellor Robert Habeck, doubling as the economy and climate minister, announced that with about 673 million tons of greenhouse gases emitted last year, Germany is poised to meet its ambitious 2030 target of reducing emissions by 65% relative to 1990 levels. This progress is attributed to the robust expansion of renewable energy sources and a strategic move away from coal and gas, despite the economic challenges faced by businesses and consumers.

Advertisment

Strategic Expansion of Renewable Energy

The Federal Environmental Agency highlighted the country's "very successful expansion of renewable energies" as a pivotal factor in the emission reduction. Germany's focused efforts on solar and wind power and other renewable sources have not only contributed to the decline in emissions but also positioned the country as a leader in renewable energy adoption. However, the agency also pointed out that more efforts are needed, especially in the transport sector, to continue this positive trend.

Challenges and Projections

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The ministry led by Habeck noted that while projections for the coming years are promising, showing a potential decline in emissions by nearly 64% by 2030 compared with 1990, challenges remain. The transport sector, in particular, requires significant advancements in electric mobility and a reevaluation of subsidies. The country's economic performance, impacted by high energy prices and global economic instability, underscores the need for continued dedication to environmental goals amidst adversity.

Looking Forward

Germany's commitment to achieving net-zero emissions by 2045 remains steadfast, with renewable energy playing a crucial role in this journey. The nation's progress, including the notable decline in greenhouse gas emissions in 2023, serves as a testament to its capacity for green transformation. As Germany continues on this path, the global community watches closely, recognizing the potential ripple effect of its actions on international climate policy and the broader fight against climate change.

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The country's transport sector needs advancements in electric mobility and subsidy reforms to sustain emission reduction.

Title:

Content: Advertisment

Germany Achieves 10% Reduction in Greenhouse Gas Emissions, On Track for 2030 Climate Goals

Germany achieves a 10.1% cut in greenhouse gas emissions in 2023, marking significant progress in its journey towards environmental sustainability.

Nimrah Khatoon
New Update

Germany marked a significant milestone in its environmental efforts, reporting a 10.1% decrease in greenhouse gas emissions in 2023, as confirmed by official data. Vice Chancellor Robert Habeck, doubling as the economy and climate minister, announced that with about 673 million tons of greenhouse gases emitted last year, Germany is poised to meet its ambitious 2030 target of reducing emissions by 65% relative to 1990 levels. This progress is attributed to the robust expansion of renewable energy sources and a strategic move away from coal and gas, despite the economic challenges faced by businesses and consumers.

Advertisment

Strategic Expansion of Renewable Energy

The Federal Environmental Agency highlighted the country's "very successful expansion of renewable energies" as a pivotal factor in the emission reduction. Germany's focused efforts on solar and wind power and other renewable sources have not only contributed to the decline in emissions but also positioned the country as a leader in renewable energy adoption. However, the agency also pointed out that more efforts are needed, especially in the transport sector, to continue this positive trend.

Challenges and Projections

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The ministry led by Habeck noted that while projections for the coming years are promising, showing a potential decline in emissions by nearly 64% by 2030 compared with 1990, challenges remain. The transport sector, in particular, requires significant advancements in electric mobility and a reevaluation of subsidies. The country's economic performance, impacted by high energy prices and global economic instability, underscores the need for continued dedication to environmental goals amidst adversity.

Looking Forward

Germany's commitment to achieving net-zero emissions by 2045 remains steadfast, with renewable energy playing a crucial role in this journey. The nation's progress, including the notable decline in greenhouse gas emissions in 2023, serves as a testament to its capacity for green transformation. As Germany continues on this path, the global community watches closely, recognizing the potential ripple effect of its actions on international climate policy and the broader fight against climate change.

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Germany aims to achieve net-zero emissions by 2045 through renewable energy.

Title:

Content: Advertisment

Germany Achieves 10% Reduction in Greenhouse Gas Emissions, On Track for 2030 Climate Goals

Germany achieves a 10.1% cut in greenhouse gas emissions in 2023, marking significant progress in its journey towards environmental sustainability.

Nimrah Khatoon
New Update

Germany marked a significant milestone in its environmental efforts, reporting a 10.1% decrease in greenhouse gas emissions in 2023, as confirmed by official data. Vice Chancellor Robert Habeck, doubling as the economy and climate minister, announced that with about 673 million tons of greenhouse gases emitted last year, Germany is poised to meet its ambitious 2030 target of reducing emissions by 65% relative to 1990 levels. This progress is attributed to the robust expansion of renewable energy sources and a strategic move away from coal and gas, despite the economic challenges faced by businesses and consumers.

Advertisment

Strategic Expansion of Renewable Energy

The Federal Environmental Agency highlighted the country's "very successful expansion of renewable energies" as a pivotal factor in the emission reduction. Germany's focused efforts on solar and wind power and other renewable sources have not only contributed to the decline in emissions but also positioned the country as a leader in renewable energy adoption. However, the agency also pointed out that more efforts are needed, especially in the transport sector, to continue this positive trend.

Challenges and Projections

Advertisment

The ministry led by Habeck noted that while projections for the coming years are promising, showing a potential decline in emissions by nearly 64% by 2030 compared with 1990, challenges remain. The transport sector, in particular, requires significant advancements in electric mobility and a reevaluation of subsidies. The country's economic performance, impacted by high energy prices and global economic instability, underscores the need for continued dedication to environmental goals amidst adversity.

Looking Forward

Germany's commitment to achieving net-zero emissions by 2045 remains steadfast, with renewable energy playing a crucial role in this journey. The nation's progress, including the notable decline in greenhouse gas emissions in 2023, serves as a testament to its capacity for green transformation. As Germany continues on this path, the global community watches closely, recognizing the potential ripple effect of its actions on international climate policy and the broader fight against climate change.

Advertisment
Advertisment

Germany's expansion of solar and wind power has driven emissions down and positioned it as a leader in renewable energy.

Title:

Content: Advertisment

Germany Achieves 10% Reduction in Greenhouse Gas Emissions, On Track for 2030 Climate Goals

Germany achieves a 10.1% cut in greenhouse gas emissions in 2023, marking significant progress in its journey towards environmental sustainability.

Nimrah Khatoon
New Update

Germany marked a significant milestone in its environmental efforts, reporting a 10.1% decrease in greenhouse gas emissions in 2023, as confirmed by official data. Vice Chancellor Robert Habeck, doubling as the economy and climate minister, announced that with about 673 million tons of greenhouse gases emitted last year, Germany is poised to meet its ambitious 2030 target of reducing emissions by 65% relative to 1990 levels. This progress is attributed to the robust expansion of renewable energy sources and a strategic move away from coal and gas, despite the economic challenges faced by businesses and consumers.

Advertisment

Strategic Expansion of Renewable Energy

The Federal Environmental Agency highlighted the country's "very successful expansion of renewable energies" as a pivotal factor in the emission reduction. Germany's focused efforts on solar and wind power and other renewable sources have not only contributed to the decline in emissions but also positioned the country as a leader in renewable energy adoption. However, the agency also pointed out that more efforts are needed, especially in the transport sector, to continue this positive trend.

Challenges and Projections

Advertisment

The ministry led by Habeck noted that while projections for the coming years are promising, showing a potential decline in emissions by nearly 64% by 2030 compared with 1990, challenges remain. The transport sector, in particular, requires significant advancements in electric mobility and a reevaluation of subsidies. The country's economic performance, impacted by high energy prices and global economic instability, underscores the need for continued dedication to environmental goals amidst adversity.

Looking Forward

Germany's commitment to achieving net-zero emissions by 2045 remains steadfast, with renewable energy playing a crucial role in this journey. The nation's progress, including the notable decline in greenhouse gas emissions in 2023, serves as a testament to its capacity for green transformation. As Germany continues on this path, the global community watches closely, recognizing the potential ripple effect of its actions on international climate policy and the broader fight against climate change.

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The European Commission estimates that Europe will need to invest €1.5 trillion annually from 2031 to 2050 to achieve its greenhouse gas emission targets.

Title:

Content:
Germany's Murder Of Europe

by Tyler Durden
Thursday, Mar 28, 2024 - 06:00 AM

Authored by Drieu Godefrei via The Gatestone Institute,

In a preparatory impact report, a copy of which has been obtained by the Financial Times before official release, the European Commission estimates that to achieve the target of reducing greenhouse gas emissions by 90% by 2040 then 100% in 2050 — the main objective of the "European Green Deal" — Europe will need to invest €1.5 trillion a year from 2031 to 2050.

1.5 trillion euros a year. That is equivalent to 10% of the Europe Union's entire GDP for 2022 -- every year! Apart from a war effort, there is no objective of any kind that has ever required the diversion of 10% of a continent's GDP by political decree.

The new German utopia

This number shows us that, while Germany has had to give up imposing its hatred of nuclear power on its European partners, it is determined to inflict on Europe the rest of the environmental utopia, i.e. total decarbonization, even at the cost of economic collapse and freedoms.

You may say that the European Commission is not Germany, but anyone who has worked in the Commission will tell you that there are two insurmountable lobbies at this level: Germany, by far is the most powerful country in Europe, followed by the environmental NGOs, such as Greenpeace and Friends of the Earth, which have permanent offices in the Berlaymont, the headquarters building of the European Commission. The fact that the current president of the Commission, Ursula von der Leyen, is German is just the icing on the apfelstrudel.

All the same, everything in this delirious report by the German Commission is wrong.

The Commission's pseudo-savvy calculations

The report states that the cost of inaction would be much higher than €1.5 trillion a year. In fact, explains the report, the European plan will save up to 1% of GDP per year. It should be noted, however, that this figure runs counter to all the IPCC's projections on the cost of global warming — which is 0.03 % of GDP per year, not 1%.

Annex 8 of the impact report just published by the Commission states:

"The IPCC AR6 Working Group II report (2022) confirms that global aggregate economic impacts generally increase with higher degree of global warming. However, due to the wide range of damage estimates and lack of comparability between methodologies, the report does not provide a robust range of estimates but recognizes that global aggregate economic impacts could be higher than estimated in the previous report."

In short, the IPCC's sixth report states that the cost of global warming could actually be greater than that stated in the fifth report.

Unfortunately (for lack of time? space? ink?) the Commission does not bother to reiterate what was said in the fifth report, which was voluble and precise on the question of the cost of global warming. Let us make up for this shortcoming: according to the fifth IPCC report AR5, chapter 10:

"For most economic sectors, the impact of climate change will be small relative to the impacts of other drivers... Changes in population, age, income, technology, relative prices... and many other aspects of socioeconomic development will have an impact on the supply and demand of economic goods and services that is large relative to the impact of climate change."

Above all, the Paris Agreement, of which the Commission claims to be part, aimed to limit global warming to only 1.5 degrees Celsius by 2100. Achieving this objective presupposed a drastic global reduction in human greenhouse global gas emissions, not just Europe. However, since 2015, these global emissions have continued to rise, and there is no realistic scenario in which global emissions will decrease. China, which still builds roughly two new coal-power plants a week, and India continue to lay waste to these projections.

Climate, of course, is a global issue: if Europe reduces its emissions to zero, while the rest of the world continues to increase them, the effect on the climate will be zero. As a result, the German plan will not save a single euro in terms of the damage caused by global warming and extreme events.

So, the investment needed each year would not be €1.5 trillion invested to save 0.03% of GDP per year. It would be €30 trillion — €1.5 trillion per year for 20 years — invested to change absolutely nothing in the climate of Europe.

There are no serious analysts left who still maintain that the objective of the Paris Agreement will be achieved; the Paris Agreement is obsolete and to pretend otherwise, as the European Commission is doing, is misleading, irresponsible, and not even scientific.

In addition, the report goes on to say that reducing European imports of fossil fuels would result in savings of up to €2.8 trillion between 2031 and 2050. At present there is no technical or scientific way of overcoming the intermittent nature of renewable energies such as wind, solar. As a result, Europe's energy mix will have to continue to rely on fossil fuels in addition to nuclear power, as demonstrated by Germany, the champion of lignite coal and CO2 emissions – and releasing ten times more CO2 than France, per unit of energy produced -- in 2024. What is more, this pseudo-savvy calculation presupposes that we know the prices of oil and gas in advance, and that we persist in banning the exploitation of the shale gas that lies beneath Europe's soil.

The report by the European Commission shows a frightening headlong rush. The situation in Europe is already dramatic. Since 2008, American GDP has doubled, meaning that Americans earn twice as much as they did in 2008. Since 2008, Europe's GDP has stagnated. This means that Europeans are increasingly taxed and harassed, and forbidden to move, build, undertake, innovate and start a family as they see fit, while their incomes are not increasing.

The shale revolution means that America now could be the world's largest producer of oil and gas, if President Joe Biden had not hobbled domestic energy production on his first day in office. The beneficiaries of his move were Russia, Iran -- and China, which can now more easily sell its cheap coal, thereby polluting the climate even more.

"Meanwhile," according to Gideon Rachman, chief foreign affairs commentator of the Financial Times, "energy prices in Europe have soared."

"The Ukraine war and the loss of cheap Russian gas mean that European industry typically pays three or four times as much for energy as their American competitors. Gloomy European bosses say this is already leading to factory closures in Europe".

In practical terms, whole swathes of our populations have entered into a pattern that is the ultimate dream of environmentalists: degrowth. In other words, their impoverishment. Giorgos Kallis, a prominent figure in the field of environmental economics, asserted recently the necessity of adopting a "degrowth" paradigm over the conventional GDP-based model. He contends that economies can and must thrive while simultaneously diminishing inequality and enhancing overall well-being.

Scenarios

Three possible scenarios emerge.

  • In the first scenario, the EU will persist in its German ecological utopia, which will throw the whole of Europe even more deeply into the recession in which Germany is already languishing. In the context of its current economic stagnation, Europe cannot afford to divert 10% of its GDP per year to unaffordable, unreliable and intermittent energy sources. Popular revolts will multiply, making the current farmers' revolt look like "Pat the Bunny." It should be obvious that our democracies will not be able to withstand the impoverishment deliberately organized by "elites" who have gone mad trying to promote an insufficiently substantiated green ideology.

  • In the second scenario, the EU would not undo the "European Green Deal," but its entry into force would simply be rescheduled (meaning postponed). This scenario condemns Europe to what economists Lawrence Summers and Henri Lepage name "secular stagnation," a condition when there is negligible or no economic growth in a market-based economy, on the model of Japan.

  • A third scenario would see a new majority come to power through the European elections in June -- after all, what is the point of democratic elections if not to allow a change of course? -- and deconstruct (repeal) every piece of legislation in a European Green Deal that has become irrelevant or economically harmful to the most destitute among us in the current global context.

Ironically, if the IPCC's projections are to be believed, global warming may occur, and we will adapt to it through innovation. All the resources that Europe is burning up in a phantasmatic "energy transition", which has failed and will fail -- will just burn through money that we will then not have for innovation. What will Europe do when these misguided ideologies have permanently broken the back of its economy?

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This investment equals 10% of the EU's 2022 GDP annually.

The Commission's report claims inaction would cost more than €1.5 trillion annually, while the European plan could save up to 1% of GDP per year.

The polar regions are warming three times faster than the rest of the world, with the Arctic warming up to seven times faster.

Title:

Content: Polar regions are our insurance policy against runaway climate change. Here’s why

This article is brought to you thanks to the collaboration of The European Sting with the World Economic Forum.

Author: Gail Whiteman, Professor of Sustainability, University of Exeter Business School, University of Exeter

  • The North and South Poles help regulate the world’s climate and weather.
  • But they are in in crisis, warming faster than the rest of the world.
  • We must cut emissions now to prevent risks to society and business.

This week, the Intergovernmental Panel on Climate Change (IPCC) published its latest synthesis of climate science. It restated that we are well on the path to irreversible climate catastrophe.

When most people try to picture the climate crisis, they imagine arid deserts around the equator, or punishing heatwaves.

But look at the science and it’s clear that climate change is just as much melting ice sheets near the North Pole, as it is a wildfire in Siberia.

What are the North and South Poles telling us – and what does it mean for the rest of the world?

Warming poles worsen climate change

The polar regions are the control centre for our climate system. They help regulate the world’s climate, influencing the Earth’s atmospheric and oceanographic circulation systems. In other words, what happens in the Arctic and Antarctic doesn’t stay there.

That control centre is breaking down. Scientific evidence shows that the poles are in crisis. The poles are warming three times faster than the rest of the world – with some parts of the Arctic warming seven times faster. Of 16 critical global climate tipping points, nine are in the polar regions – including five of the six closest to tipping.

This matters because the poles act as powerful insurance policies for the world against runaway climate change.

Arctic sea ice helps to keep our planet cooler by reflecting much of the sun’s energy back to space. But since 1971, we have lost about 50% of that ice. As global warming melts sea ice, the ocean is exposed, absorbing more of the sun’s energy and warming up. As a result, scientists estimate that if we lose the Arctic snow and ice, it will magnify global warming by 25-40%.

The Antarctic is the last great barrier we have against out of control climate change. Yet at the end of February 2023, the Antarctic’s sea ice minimum set another record low.

Another polar insurance policy is Arctic permafrost staying frozen. Permafrost is partially frozen ground with huge volumes of carbon locked up – about two times the amount already in our atmosphere. As it thaws, it releases the greenhouse gas methane. Scientists estimate that if the store of carbon in permafrost is released, it will eat up to 40% of the remaining carbon budget to keep us within 2℃ warming.

https://cdn.jwplayer.com/players/4w1egbym-ncRE1zO6.html

Societies across the world depend on polar stability

As those insurance policies disappear, polar breakdown creates instability across the rest of the world.

We now know that Greenland’s contribution to global sea level rise is primed for catastrophic coastal flooding for more than a billion people around the world – the vast majority of whom are unprepared.

A growing body of research connects warming at the poles with cold spells, super storms, hurricanes, cyclones, droughts, fires and flooding.

In February 2023, Los Angeles was under a blizzard warning with hurricane-force winds. Warming in the Arctic directly contributed to this storm through a deep jet stream dip known as a “trough”. If extreme events such as these become the norm, year on year, communities have little to no chance of recovery.

Polar change – now and in the future – translates into extreme pressures on food and water security in the rest of the world, heat stress in cities and climate vulnerable regions, more extreme weather, and supply chain disruptions.

It means that all of the 17 UN Sustainable Development Goals are on thin ice. The health of the planet and our people rests on the polar agenda.

Discover

What’s the World Economic Forum doing about climate change?

Climate change poses an urgent threat demanding decisive action. Communities around the world are already experiencing increased climate impacts, from droughts to floods to rising seas. The World Economic Forum’s Global Risks Report continues to rank these environmental threats at the top of the list.

To limit global temperature rise to well below 2°C and as close as possible to 1.5°C above pre-industrial levels, it is essential that businesses, policy-makers, and civil society advance comprehensive near- and long-term climate actions in line with the goals of the Paris Agreement on climate change.

The World Economic Forum’s Climate Initiative supports the scaling and acceleration of global climate action through public and private-sector collaboration. The Initiative works across several workstreams to develop and implement inclusive and ambitious solutions.

This includes the Alliance of CEO Climate Leaders, a global network of business leaders from various industries developing cost-effective solutions to transitioning to a low-carbon, climate-resilient economy. CEOs use their position and influence with policy-makers and corporate partners to accelerate the transition and realize the economic benefits of delivering a safer climate.

Contact us to get involved.

Polar warming threatens economies and businesses

Global warming in the Arctic is expensive. Estimates of global socio-economic and ecological impacts linked with Arctic warming put a price tag of billions of dollars per year leading to the 2050 net-zero target.

Look at the examples of disrupted supply chains, like the Rhine River during summer 2022 in Germany, which takes 80% of shipping raw materials through inland Europe. Last summer that route actually stopped because of drought conditions. Arctic warming is an expensive material risk for companies when it comes to agriculture, supply chains, water, coastal communities, and real estate.

We can avoid the worst of this if we take action that matches the scale of the crisis in the poles. Solutions to climate change already exist: cutting emissions in half by 2030, no new fossil fuel exploration, investment or subsidies. That includes rejecting projects like the Willow Project in Alaska. Business leaders have already developed a roadmap to transition industry towards clean energy, aligning financial flows with net-zero, and protecting nature.

We don’t need to wait for miraculous technological progress to cut emissions and adapt to climate impacts right away. It requires action at scale, and there are no silver bullets.

No matter where we live, the poles affect us. We need adaptive solutions and a global convening body to mobilise the world to unlock and address the polar crisis. It needs to start today.

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Arctic sea ice has decreased by about 50% since 1971.

Arctic sea ice melting may increase global warming by 25-40% if the region's snow and ice disappear.

Polar warming is linked to extreme weather events like storms, droughts, fires, and flooding.

Arctic warming is estimated to have global socio-economic and ecological impacts in the billions of dollars per year until 2050.

Reducing emissions and investing in clean energy can help mitigate climate change.

Germany plans to phase out coal by 2030 at an estimated cost of $46.2 billion.

Title:

Content: Quitting coal: US, UK lead race; India, China face budgetary hurdles

Coal-dependent countries such as China, India and Bangladesh also need to manage rapidly growing energy demand

Coal-dependent countries around the world face two wickedly interlinked challenges: accelerating the phase out of coal to prevent catastrophic global warming, while sustaining economic prosperity and political support.

As UN Secretary General Antonio Guterres recently said, keeping global warming close to 1.5 degrees requires all new coal investments to stop now with coal phased out in OECD economies by 2030 and everywhere else by 2040.

Energy supply and economic impacts of the war in Ukraine have clearly made these tasks even tougher. But the war has also provided a powerful reminder of the huge strategic and environmental risks of fossil fuel addiction.

Explained | COP27: India’s agenda, prospects, $100-B climate financing issue

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Quitting coal need not end in economic crisis, nor energy shortages. Not quitting coal will certainly end in climate and therefore economic disaster. Researchers have systematically reviewed the policies of nations well down the path of transitioning away from coal, providing guidance on what works.

Demand, supply side policies

Governments quitting coal in a rapid, just and orderly manner have commonly employed a proactive, collaborative and well-coordinated mix of demand and supply-side policies. Key demand-side policy levers include carbon pricing mechanisms; reducing energy consumption and improving energy efficiency. And providing strong financing and infrastructure support for the rapid expansion of renewable energy.

Supply-side policies such as accelerating coal industry closure through removal of subsidies and through direct regulation, taxation and export licensing are also vital. Regulatory actions to overcome the negative impacts of coal on air quality, health and environmental outcomes often play a key role. So too do mission-oriented industry policies driving economic renewal and job creation.

The European Union remains strongly focused on phasing-out coal by 2030. More than USD 92.9 billion has been allocated to strengthen skills and job opportunities in coal-dependent regions. These funds will also help leverage billions of dollars in private sector finance for clean energy infrastructure and technology.

What others are planning

German Chancellor Olaf Schulz recently proposed the German coal phase out date be brought forward to 2030. The German Coal Commission, comprising government, business and union stakeholders has suggested USD 46.2 billion is needed to support coal dependent workers and communities.

Spain has underpinned its ambitious coal phase-out and renewable energy goals with over USD 289 million for Just Transition contracts covering early retirement, re-employment, environmental regeneration and green industry investment and employment goals and strategies.

In Australia, the new Labor government has backed its upgraded greenhouse gas emissions reduction goal with a National Energy Transformation Partnership to coordinate and integrate national and state government energy transition investments.

The government also announced a USD 1.2 billion and Powering the Regions fund to assist traditional and new industries in regional Australia harness the economic opportunities of decarbonisation.

The best transition plan

The economic and job creation potential of a well-managed transition from fossil fuels to renewables is now well demonstrated.

Employment in renewable energy rose to 12.7 million in 2022, an increase of over 700,000 jobs. The International Energy Agency has estimated that more than 30 million jobs could be created in clean energy, efficiency and low-emissions technologies by 2030.

Also read | COP27 in Egypt: Scotland weather, Ukraine war to impact talks, warn experts

Importantly, as ILO Director-General Guy Ryder said, there is a growing focus on the quality of jobs and the conditions of work in renewable energies. The increasing share of female employment suggests that dedicated policies and training can significantly enhance the participation of women in renewable energy occupations and ultimately achieve a just transition for all.

In Germany, collaborative planning and long-term investment in infrastructure; education; environmental technologies; and cultural and service industries has been an essential foundation for economic diversification and job creation in coal dependent regions such as the Ruhr Valley.

In the United States, investment flowing from President Bidens Inflation Reduction Act will create over 550,000 new jobs in industries producing renewable energy. And in Australia, renewable energy think tank Beyond Zero Emissions has demonstrated the potential for low-cost renewable energy to create new export earnings of over AUD$300 billion and over one million new jobs.

The challenge is ensuring those national level economic gains extend to coal-dependent regions where workers and communities are too often left behind.

Workers and communities

Broad public support for replacing coal depends crucially on communities and workers being convinced that governments and business are genuinely committed to the creation of secure high-quality jobs.

The Paris Climate Agreement asks committed countries to take into account the imperatives of a Just Transition of the workforce and the creation of decent work and quality jobs in accordance with nationally defined development priorities.

Also read: Despite solar push, India’s coal production hits a new milestone of 382 MT

International Trade Union Confederation General Secretary Sharon Burrow reminds us that a just transition will not happen by itself. It requires plans and policies. Transformation is not only about phasing out polluting sectors, it is also about new jobs, new industries, new skills, new investment and the opportunity to create a more equal and resilient economy.

Canada strengthened support for closing all coal-fired power stations by 2030 by working closely with coal dependent communities and provided integrated investment, infrastructure, training and employment packages.

By listening closely to workers, Canada’s 2018 Coal Transition Task Force found deep local knowledge and built local support for its coal exit target.

In Australia, increasing awareness of the inevitability of the closure of coal fired power stations has strengthened support in coal dependent communities like the Latrobe Valley in Victoria and Gladstone in central Queensland for a far more proactive approach to creating new economic futures and opportunities.

Diversification issue

Amanda Cahill, CEO of The Next Economy, says local governments all over Australia in coal regions are taking the reins because they are seeing change now. We are seeing mines that have been approved but not funded. Were seeing early closures of power plants.

The biggest question is, how do you diversify those regional economies? Gladstone is a really great example because there are so many opportunities people are starting to explore. It is not just the renewable energy; it is what we could do with that renewable energy.

It is things like green hydrogen, its manufacturing renewable energy parts, its looking at land use differently. And this is what is happening all over Australia.

Understand and respect national and regional differences

Successful strategies for accelerating the just and well managed phase out of coal need to be informed by clear understanding of the diverse economic and social histories of coal dependent countries and regions.

Countries leading the coal exodus such as the US, UK, Germany, Spain and Canada have often had access to relatively cheap alternatives. And they are able to finance new energy infrastructure and support for workers and communities in coal-dependent regions.

Coal-dependent countries such as China, India and Bangladesh also need to manage rapidly growing energy demand. They face budgetary challenges in financing renewable energy and supporting regional communities.

Also read: Time to act faster on climate change: Rishi Sunak at COP27

That is why developed economies have a strong practical as well as ethical case to help fund developing economies to achieve a rapid and orderly transition.

Coal exporting countries including Australia, Colombia and Indonesia also face tough challenges in generating alternative sources of export income. And overcoming the power of vested interests.

There is increasing awareness in these countries, however, of the potential for low-cost renewable energy to underpin new low emissions export industries such as green steel and green hydrogen.

Making it happen

How do nations turn the rhetoric of just transitions into a reality while sustaining economic prosperity and maintaining political support?

By delivering on the following: Strong, proactive and collaborative political leadership; respectfully engaging coal communities and workers; a well coordinated mix of demand and supply-side policies; transition governance authorities enabling local engagement and accountability; adequately funding re-employment and retraining programs, economic renewal and diversification policies building on regional strengths; mobilising investment at the scale required to create high-quality jobs in just and resilient zero-carbon economies.

(With inputs from agencies)

CATCH US ON:

The European Union has allocated over $92.9 billion to support coal-dependent regions and clean energy infrastructure.

The International Energy Agency says a well-managed transition to renewables could create over 30 million clean energy jobs by 2030.

Renewable energy employment reached 12.7 million in 2022, up over 700,000 jobs.

The Paris Climate Agreement requires countries to consider a Just Transition, decent work, and quality jobs aligned with national development priorities.

Inaction on climate change costs more than decarbonization.

Title:

Content: COP26: The economic case for tackling climate change is stronger than ever but flawed thinking is leading some countries astray – Professor Lord Nicholas Stern

The countries gathering in Glasgow next week for the United Nations climate change summit are embarking on a fundamental transformation of the global economy.

The drive for net-zero emissions of carbon dioxide and other greenhouse gases, and efforts to make ourselves more resilient to those impacts of climate change that cannot now be avoided, will create the new economic development and growth story for the 21st century.

With many countries around the world, and a rising number of companies and cities, committing to reach net-zero emissions by the middle of this century, the next ten years in particular will be full of innovation and creativity, with new jobs, opportunities and markets.

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As the age of fossil fuels draws to a rapid close, we have the chance to replace it with an era of greater sustainability, inclusivity and resilience. We can choose a global economy that is cleaner, smarter and more efficient.

My review of the economics of climate change, which was published by the UK government 15 years ago this week, concluded that the costs of inaction on climate change would be much bigger than the size of investments required for the world to decarbonise.

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Climate change: Humanity risks boiling like the proverbial frog as world steadil...

Since then, global temperature has continued to climb, and is now more than one degree Celsius higher than it was before industrialisation. Scientists have shown us that the risks of climate change are even greater than we knew at the time.

We have seen across the world the growing loss and damage from rising sea levels and increases in the intensity of extreme weather events, including tropical storms, wildfires, heatwaves, heavy downpours and droughts.

We have also seen that many alternatives to fossil fuels can be developed and deployed even more quickly than anticipated. This has involved learning by doing across businesses, and by taking advantage of economies of scale, the costs of technologies such as solar photovoltaics and wind turbines have reduced rapidly and substantially.

As a result, in many parts of the world, zero-carbon electricity is now cheaper than fossil fuel power. With advances in battery technology and mass production processes, zero-emissions vehicles will soon be cheaper to buy and run than those with internal combustion engines. From buildings to transport and agriculture, zero-carbon is proving better and cheaper than high-carbon.

And of course there are other economic benefits from the transition to net-zero emissions, such as a reduction in the vast damage to lives and livelihoods from local air pollution.

According to the World Health Organisation, the lives of about seven million people worldwide are cut short every year by air pollution from the burning of dung, wood and fossil fuels. In countries such as China and India, air pollution is knocking several percentage points off annual economic output.

Indeed, the transition to zero-carbon growth can help to create cities where it will be easier to move, breathe and work. In many countries, cities are centres of economic activity, so the higher productivity resulting from the shift away from dirty and inefficient business processes will boost national growth rates.

Despite this growing understanding of the immense risks of climate change, and the tremendous economic benefits of a transition to zero-carbon growth, annual global emissions of greenhouse gases have not declined but instead increased by about 20 per cent over the past 15 years.

So what has gone wrong? Sadly, too many economists and economic decision-makers have been labouring under the misconception that climate action requires a trade-off with development and growth.

Flawed economic analyses have failed to capture the enormous risks created by climate change, and severely overestimated the difficulties of replacing fossil fuels with cleaner alternatives.

But it should now be abundantly clear that these economic assessments have been wrong.

Indeed many countries have now started to take climate action while also growing. For instance, the UK has cut its annual emissions of greenhouse gases by 44 per cent since 1990, while its economy has expanded by about 78 per cent.

This has mainly been achieved through improvements in energy efficiency and switching from coal to natural gas and renewables for electricity generation.

Last week, the government published its net-zero strategy, outlining how the UK could effectively end its contribution to rising greenhouse gas concentrations by 2050.

In its net-zero review, published alongside the strategy, the Treasury concluded: “UK climate action could provide a boost to the economy; the required investment could contribute to growth.”

This boost will also help the UK’s economy recover from the severe effects of the Covid-19 pandemic.

As I pointed out in my report on the recovery which was commissioned by the Prime Minister ahead of the G7 summit in Carbis Bay, Cornwall, earlier this year, an investment-led recovery offers the best chance of placing all countries on a sustainable path towards higher living standards, greater prosperity and improved well-being.

For the G7 countries, an increase in annual investment equivalent to two per cent of GDP over the next decade would drive growth and accelerate the transition to a zero-carbon and climate-resilient economy.

The rich countries should also help to provide the finance for the investments that developing countries will have to make to pursue a new form of sustainable and resilient development. Not only is this the right thing to do, it is the best way to ensure we all gain from a better climate.

The summit in Glasgow is a chance not only for the world to overcome the threat of global climate change, but also to adopt a new and attractive form of economic development and growth that delivers greater prosperity for all.

Professor Lord Nicholas Stern is chair of the Grantham Research Institute on Climate Change and the Environment and the ESRC Centre for Climate Change Economics and Policy at the London School of Economics and Political Science

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Climate change poses greater risks than previously known, with rising sea levels and extreme weather events causing growing loss and damage.

Zero-carbon electricity is now cheaper than fossil fuels in many areas.

The transition to net-zero emissions can help reduce air pollution, which kills about 7 million people worldwide annually.

The UK has cut greenhouse gas emissions by 44% since 1990, despite a 78% economic expansion.

The UK aims to reach net-zero by 2050.

UK climate action could boost the economy, according to the Treasury.

A 2% of GDP annual investment increase could drive G7 countries' growth and accelerate their transition to a zero-carbon economy.