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Germany more flexible on hydrogen transition, emphasises speed

Germany is set to hold on to its hydrogen economy goals up to 2030 and beyond while pressing for speed and allowing greater leeway in transitioning from fossil fuels-based variants to renewables, a draft paper showed on Wednesday. Europe's biggest economy wants to produce, import and market clean hydrogen, derived from carbon-free wind and solar power, as a future energy source to meet climate targets and lessen dependency on imported raw materials. The draft was seen by Reuters while bei...
Devika Syamnath Markus Wacket Christian Kraemer Vera Eckert Hydrogen Economy Green Hydrogen Production
Source: yahoo.com

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German economy ministry proposes industrial power price of 6 cents per kWh

BERLIN (Reuters) -The German finance ministry pushed back on Friday against the economy ministry's plan to introduce a subsidised industrial power price, with a spokesperson saying that the budget did not allow for it and existing funds could not be redirected. | 07:19am
Christian Lindner Markus Wacket Olaf Scholz Friederike Heine Chancellor Olaf Scholz Finance Minister Christian Lindner

German coalition ministers clash over 'gamechanger' power subsidy plan

BERLIN (Reuters) -The German finance ministry pushed back on Friday against the economy ministry's plan to introduce a subsidised industrial power price, with a spokesperson saying that the budget did not allow for it and existing funds could not be redirected. | 07:19am
Markus Wacket Robert Habeck Friederike Heine Olaf Scholz Emelia Sithole Matarise Christian Lindner

German cabinet approves bill to phase out oil and gas heating systems - Stock market news

BERLIN (Reuters) - The German cabinet on Wednesday approved a bill? ?that bans most new oil and gas heating systems from 2024, the economy minister said, a policy designed to cut greenhouse gas emissions but that critics warned could be costly for poorer households. | 07:00am
Riham Alkousaa Christian Kraemer Olaf Scholz Emelia Sithole Matarise Markus Wacket Matthias Williams

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