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Germany aims for 65% CO2 emissions reduction by 2030 - sources Reuters 3 hrs ago BERLIN, May 5 (Reuters) - 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. Last week, Germany's constitutional court said the government had failed to set out how it would bring carbon emissions down beyond 2030 to almost zero by 2050, and that this was unfairly burdening fut...

CLIMATE-GERMANY/ (UPDATE 1):UPDATE 1-Merkel expects climate change law to go to cabinet in coming week - sources

By Reuters Staff 1 Min Read BERLIN, April 29 (Reuters) - Germany’s economy minister said on Thursday that he hopes that financial means will be made available to meet the top court’s demands to tighten the country’s climate law. Germany must update its climate law by the end of next year to set out how it will bring carbon emissions down nearly to zero by 2050, its top court ruled on Thursday, siding with a young woman who argued rising sea levels would engulf her family farm. He would make concrete proposals to the government next week, Peter Altmaier told journalists. (Reporting by Ma...

By Reuters Staff 2 Min Read FILE PHOTO: A woman cycles past a power station that is attached to the ArcelorMittal steel factory in Eisenhuettenstadt, 124 km (77 miles) east of Berlin November 26, 2012.REUTERS/Thomas Peter/File Photo FRANKFURT (Reuters) - Germany’s government on Friday presented plans for so-called contracts for difference (CfDs), instruments that help companies in the steel, cement, lime and ammonia industries finance the transition to low-carbon technologies. A draft plan by the environment ministry, seen by Reuters, says that companies that commit to cutting carbon dioxid...

* German ‘Energiewende’ transition among Europe’s most ambitious * Household electricity bills highest in Europe * Warns of supply shortfall risk after reactors switched off * Network needs an estimated 85 bln euros by 2030 FRANKFURT, March 30 (Reuters) - Germany’s energy transition has proved too costly and underestimated the risks to supply, a federal audit office report seen by Reuters has found. Reforms are needed to state taxes and fees to fix a system that has left Germany with Europe’s highest retail electricity prices and at risk of grid blackouts, the as-yet unpublished rep...