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Top German court rejects challenge to ECB bond buying

Top German court rejects challenge to ECB bond buying
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German cabinet passes plans for more ambitious CO2 cuts

(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.

German cabinet passes plans for more ambitious CO2 cuts - govt source

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.

Germany sets out ambitious climate goals - World News

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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