Stay updated with breaking news from Markus Wacket. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
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 mobilising investment for climate protection projects. "The federal government wants to develop Germany ...
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 constitutional court said the government had failed to set out how it would bring carbon emissions d...