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 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.

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.

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

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

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

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.

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

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

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

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.

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

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

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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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.

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
More News Clips
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.

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

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

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

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

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

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

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Content: Alert
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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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How did the German model achieve an unbearable energy transition war across the sea?
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 ”?
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Germany's greenhouse gas emissions decreased by 10.1% in 2023.

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

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