The 2030 targets are a "gigantic" task that will push the export-reliant economy to hasten its phase-out of coal-fired power plants and cars that run on fossil fuels.
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.
By Reuters Staff
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BERLIN, May 12 (Reuters) - Germany plans to make landlords shoulder half of the CO2 price burden related to heating costs which will arise from new legislation setting out more ambitious CO2 emission reduction targets, a government document showed on Wednesday.
Chancellor Angela Merkel’s cabinet is expected to approve the draft legislation on Wednesday in response to a landmark ruling last month from the country’s top court. (Reporting by Markus Wacket Writing by Madeline Chambers Editing by Riham Alkousaa)
Germany's biggest power producer RWE expects meaningful discussions about tighter climate targets and faster coal plant closures not before early 2022, chief finance officer Michael Mueller said on Wednesday.
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.