Page 18 - Markus Wacket News Today

German Chancellor Angela Merkel's cabinet approved on Wednesday draft legislation for more ambitious CO2 reduction targets after a landmark ruling last month from the country's top court, a government source said.

(Updated May 11 factbox with decision taken)FRANKFURT, May 12 (Reuters) - The German cabinet agreed on Wednesday on tighter sector targets for carbon emission curbs which implies bringing forward an exit date for ending coal generation, currently set at 2038.A new law, which could trigger 8 billion euros ($9.70 billion) of additional climate protection spending in the 2022

German Chancellor Angela Merkel's cabinet approved on Wednesday draft legislation for more ambitious CO2 reduction targets, including being carbon neutral by 2045, after a landmark court ruling last month forced the government to act.

Germany hatches plan to attract green investment capital Reuters 3 hrs ago By Markus Wacket and Christian Kraemer BERLIN, May 5 (Reuters) - The German government is planning a new green financing strategy to steer capital towards environmental projects and developing Germany into a leading hub for sustainable finance, plans seen by Reuters show. The so-called Sustainable Finance Strategy plan lists 26 individual measures and is due to be adopted by the cabinet on Wednesday with a view to mobi...

Article content BERLIN — Germany plans to raise its target for carbon emissions reduction by 2030 to 65% from 55%, two government sources told Reuters on Wednesday. Under the new targets, reported by Der Spiegel earlier, Germany would aim for net zero emissions by 2045, five years earlier than initially planned. We apologize, but this video has failed to load. Try refreshing your browser, or Germany aims for 65% CO2 emissions reduction by 2030 - sources Back to video Last week, Germany’s ...

Germany aims for 65% CO2 emissions reduction by 2030 - sources Reuters 3 hrs ago BERLIN, May 5 (Reuters) - Germany plans to raise its target for carbon emissions reduction by 2030 to 65% from 55%, two government sources told Reuters on Wednesday. Under the new targets, reported by Der Spiegel earlier, Germany would aim for net zero emissions by 2045, five years earlier than initially planned. Last week, Germanys constitutional court said the government had failed to set out how it would bring...

CLIMATE-GERMANY/ (UPDATE 1):UPDATE 1-Merkel expects climate change law to go to cabinet in coming week - sources

By Reuters Staff 1 Min Read BERLIN, April 29 (Reuters) - Germany’s economy minister said on Thursday that he hopes that financial means will be made available to meet the top court’s demands to tighten the country’s climate law. Germany must update its climate law by the end of next year to set out how it will bring carbon emissions down nearly to zero by 2050, its top court ruled on Thursday, siding with a young woman who argued rising sea levels would engulf her family farm. He would ma...

By Reuters Staff 2 Min Read FILE PHOTO: A woman cycles past a power station that is attached to the ArcelorMittal steel factory in Eisenhuettenstadt, 124 km (77 miles) east of Berlin November 26, 2012.REUTERS/Thomas Peter/File Photo FRANKFURT (Reuters) - Germany’s government on Friday presented plans for so-called contracts for difference (CfDs), instruments that help companies in the steel, cement, lime and ammonia industries finance the transition to low-carbon technologies. A draft plan by...

* German ‘Energiewende’ transition among Europe’s most ambitious * Household electricity bills highest in Europe * Warns of supply shortfall risk after reactors switched off * Network needs an estimated 85 bln euros by 2030 FRANKFURT, March 30 (Reuters) - Germany’s energy transition has proved too costly and underestimated the risks to supply, a federal audit office report seen by Reuters has found. Reforms are needed to state taxes and fees to fix a system that has left Germany with Eu...