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German top court rejects complaint against ECB s bond-buying scheme
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Top German court rejects challenge to ECB bond buying
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(Adds details, background)
BERLIN, May 12 (Reuters) - 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.
Under the new plans, which come as the environmentalist Greens top most polls before a federal election in September, Germany will cut its carbon emissions by 65% by 2030 from 1990 levels, up from a previous target of a 55% reduction.
Europe s biggest economy will also aim for nearly net zero emissions by 2045, five years earlier than originally planned.
Germany s Constitutional Court ruled in April that Merkel s government had failed to set out how to cut carbon emissions beyond 2030 after plaintiffs, including North Sea islanders fearing rising sea levels, challenged a 2019 climate law.
2021-05-12 14:40:21 GMT2021-05-12 22:40:21(Beijing Time) Sina English
German Environment Minister Svenja Schulze (center) leaves after a news conference about the climate protection act in Berlin, on Wednesday.
German Chancellor Angela Merkel’s Cabinet on Wednesday approved draft legislation for more ambitious CO2 reduction targets after a landmark ruling last month from the country’s top court, a government source said.
Under the new plans, which come as the environmentalist Greens top most polls before a federal election in September, the country will cut its carbon emissions by 65 percent by 2030 from 1990 levels.
That is up from a previous target of a 55 percent reduction.
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