Germany unveils $60 billion climate crisis plan
5 years, 3 months ago

Germany unveils $60 billion climate crisis plan

CNN  

London CNN Business — Germany unveiled a 54 billion euros package over the next four years to speed up the country’s transition to renewable energy and reduce carbon emissions. As tens of thousands took to the streets of Berlin and other major cities around the world to demand urgent action to tackle the climate crisis, Germany’s coalition government unveiled a new package of policies that could also help shore up Europe’s biggest economy. “I think that this is a very powerful package that gives us many opportunities to be able to stop climate change,” said German finance minister Olaf Scholz. What we got was slow, feeble and non-binding.” Ottmar Edenhofer, director of the Potsdam Institute for Climate Impact Research, described the government’s plan as a “document of political despondency.” “With this decision, the German government will not achieve the climate targets it has set itself for 2030,” he said in a statement, adding that the carbon pricing system was not aggressive enough to bring about the desired change. Activists and some economists had hoped Germany would use its considerable financial firepower to tackle two challenges at the same time: the climate crisis and a looming recession that could drag down Europe’s economy.

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History of this topic

UN report calls for trillion of dollars in climate finance to aid developing countries
2 months ago

UN report calls for trillion of dollars in climate finance to aid developing countries

Live Mint  

Developing nations will need around $1.1 trillion annually in climate financing by 2025, a figure expected to climb to $1.8 trillion by 2030, according to a new report by the United Nations Conference on Trade and Development. The report outlines a daunting roadmap for climate finance and calls for developed countries to meet escalating financial commitments to support global climate …

German cabinet approves contested budget plan
5 months, 3 weeks ago

German cabinet approves contested budget plan

China Daily  

Germany's Chancellor Olaf Scholz arrives for the Meeting of the European Political Community at the Blenheim Palace in Woodstock, near Oxford, on July 18, 2024. The German cabinet finally approved its 2025 budget on Wednesday after weeks of negotiations, allocating a record 78 billion euros for investments and 75.3 billion euros for NATO's defense spending target, while halving funds to …

Germany’s government waters down a cost-cutting plan that infuriated the country’s farmers
1 year ago

Germany’s government waters down a cost-cutting plan that infuriated the country’s farmers

Associated Press  

BERLIN — The German government on Thursday watered down cost-saving plans that have infuriated farmers, announcing that it is giving up a proposal to scrap a car tax exemption for farming vehicles and will stagger cuts to tax breaks for diesel used in agriculture. The cuts were part of a package agreed last month by leaders of Chancellor Olaf Scholz’s …

Germany’s government reaches a deal to resolve its budget crisis and keeps up support for Ukraine
1 year ago

Germany’s government reaches a deal to resolve its budget crisis and keeps up support for Ukraine

Associated Press  

BERLIN — Germany’s governing coalition reached a deal Wednesday to resolve a budget crisis triggered by a court ruling last month, agreeing to cut some subsidies and spending while stressing that Berlin will stick to plans to step up support for Ukraine. Chancellor Olaf Scholz’s three-party coalition has spent weeks wrangling over how to deal with the annulment by Germany’s …

The worst-performing major economy also faces a budget crisis. Germany’s leader vows fixes, but how?
1 year, 1 month ago

The worst-performing major economy also faces a budget crisis. Germany’s leader vows fixes, but how?

Associated Press  

FRANKFURT, Germany — German Chancellor Olaf Scholz vowed Tuesday that his government will work “as fast as possible” to solve a budget crisis, but he offered few details on how he would achieve his goals of promoting clean energy and modernizing the struggling economy after a court decision struck down billions in planned spending. Scholz and his quarrelsome governing coalition …

Germany is having a budget crisis. With the economy struggling, it's not the best time
1 year, 1 month ago

Germany is having a budget crisis. With the economy struggling, it's not the best time

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy With its economy struggling, Germany …

Germany, now the world’s worst-performing major economy, grapples with a budget crisis
1 year, 1 month ago

Germany, now the world’s worst-performing major economy, grapples with a budget crisis

LA Times  

German Chancellor Olaf Scholz delivers a speech on the government’s budget crisis at the Parliament in Berlin. Chancellor Olaf Scholz vowed recently that his government would work “as fast as possible” to lay out how to solve Germany’s budget crisis, but he offered few details on how he would achieve his goals of promoting clean energy after a court decision …

Germany’s leader vows to fix a spending crisis that’s worsening gloom in the struggling economy
1 year, 1 month ago

Germany’s leader vows to fix a spending crisis that’s worsening gloom in the struggling economy

Associated Press  

FRANKFURT, Germany — German Chancellor Olaf Scholz on Friday promised quick action to fix a budget crisis after a court decision blew a large hole in the almost-finished plan for next year and threatened to disrupt spending on efforts to fight climate change and cushion the impact of high energy prices caused by Russia’s invasion of Ukraine. “Those are “justifiable …

Germany pledges to invest 4 billion euros in green energy projects in Africa
1 year, 1 month ago

Germany pledges to invest 4 billion euros in green energy projects in Africa

Associated Press  

BERLIN — The German government pledged Monday to invest 4 billion euros in African green energy projects until 2030, with Chancellor Olaf Scholz saying that countries in Africa should benefit more from their wealth of raw materials. “And the German industry gets reliable suppliers.” Compact with Africa is based on an initiative launched by Germany during its chairmanship of the …

Germany pledges to invest 4 billion euros in green energy projects in Africa
1 year, 1 month ago

Germany pledges to invest 4 billion euros in green energy projects in Africa

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Please enter a valid email address Please enter a valid email address SIGN UP I would like to be emailed about offers, events and updates from The Independent. Please try again later {{ …

Germany hails EU deal on renewable energy raising target for 2030 to 45%
1 year, 6 months ago

Germany hails EU deal on renewable energy raising target for 2030 to 45%

Associated Press  

BERLIN — Germany’s economy minister welcomed a deal Friday among European Union countries to increase by more than a third the bloc’s renewable energy target for 2030. “The new European rules will trigger an investment boom for renewables and make it legally binding,” said Economy Minister Robert Habeck, whose portfolio includes energy and climate. Under the new rules, countries that …

Green groups slam German government’s energy, climate deal
1 year, 9 months ago

Green groups slam German government’s energy, climate deal

Associated Press  

BERLIN — Environmental groups have criticized a deal between Germany’s three governing parties on energy and climate policies, saying Wednesday that it risks watering down essential measures to curb global warming. But Germany’s BUND environmental group accused Scholz of giving in to “expensive false solutions” and ignoring warnings contained in a recent U.N. climate report about the need for drastic …

German governing parties agree on energy, climate measures
1 year, 9 months ago

German governing parties agree on energy, climate measures

Associated Press  

BERLIN — Germany’s three ruling parties announced Tuesday that they have an agreement on a series of energy and climate policies following weeks of infighting that threatened to paralyze the government. Senior members of Chancellor Olaf Scholz’s center-left Social Democrats and two smaller parties, the environmentalist Greens and pro-business Free Democrats, said three days of closed-doors talks had resulted in …

Berlin vote could turbocharge German capital’s climate plans
1 year, 9 months ago

Berlin vote could turbocharge German capital’s climate plans

Associated Press  

BERLIN — Voters in Berlin go to the polls this weekend to decide on a proposal that would force the city government to drastically ramp up the German capital’s climate goals. “This is a replicable model for the rest of the world and could result in achieving climate neutrality by 2030 before major tipping points are crossed.” Stefan Evers, a …

War, transport weigh on Germany’s efforts to curb emissions
1 year, 9 months ago

War, transport weigh on Germany’s efforts to curb emissions

Associated Press  

BERLIN — Germany cut its greenhouse gas emissions by almost 2% last year, beating previous estimates but still falling far short of the cuts needed to meet its medium-term climate goals, officials said Wednesday. But the cut in Russian fossil fuel supplies also prompted the German government to reactivate shuttered coal and oil power plants, pushing up emissions in the …

Climate change could cost Germany 900 billion euros by 2050
1 year, 10 months ago

Climate change could cost Germany 900 billion euros by 2050

India Today  

With climate change raging across the world and extreme weather events becoming the norm of the day, countries are highly vulnerable to massive financial damage. A study has now revealed that extreme weather events could cost Germany up to 900 billion euros in cumulative economic damage by mid-century. Germany's economy and environment ministries cited the study as showing that extreme …

Scholz says labor, climate challenges loom for Germany
1 year, 10 months ago

Scholz says labor, climate challenges loom for Germany

Associated Press  

BERLIN — German Chancellor Olaf Scholz said Monday that his country faces considerable challenges, but also opportunities, in the coming years as it seeks to transform toward a green economy with a shrinking workforce. Scholz, a member of the center-left Social Democratic Party, said that due to demand for workers “Germany will leave the problem of joblessness behind in the …

German government sued over failure to meet climate goals
1 year, 11 months ago

German government sued over failure to meet climate goals

Associated Press  

BERLIN — A prominent environmental group said Tuesday that it is suing the German government over the failure to meet its own climate targets. The group, which has more than 450,000 members, argues that time is running out for Germany to meet its national climate goals for 2030 and achieve ‘net zero’ emissions by 2045. A report published earlier this …

Germany to draw up legislation to enable carbon storage
2 years ago

Germany to draw up legislation to enable carbon storage

Associated Press  

BERLIN — Germany is working on legislation to enable the use of the much-discussed technology of underground carbon storage, a top government official said Thursday, adding that it is preferable to releasing carbon dioxide into the atmosphere. Speaking to an industry group in Norway, Vice Chancellor Robert Habeck, who is also Germany’s economy and climate minister, pointed to the prospects …

Billion pound spending gap as government spends less on UK emission cuts than it raises in carbon tax
2 years ago

Billion pound spending gap as government spends less on UK emission cuts than it raises in carbon tax

The Independent  

Sign up to the Independent Climate email for the latest advice on saving the planet Get our free Climate email Get our free Climate email SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy The government is spending a billion pounds less on cutting domestic emissions than it is …

Climate protests criticized; but Germany missing 2030 goal
2 years, 2 months ago

Climate protests criticized; but Germany missing 2030 goal

Associated Press  

BERLIN — German officials urged environmental activists to engage in “constructive” protests and avoid endangering lives Friday as government-appointed experts warned that the key European Union country risks missing its climate targets for 2030. German Chancellor Olaf Scholz “supports all democratic engagement, and we have repeatedly stressed that in connection with the climate protests,” Wolfgang Buechner, the chancellor’s spokesperson, told …

Germany moves ahead with massive energy relief package
2 years, 2 months ago

Germany moves ahead with massive energy relief package

Associated Press  

BERLIN — German officials have agreed on the main details of a plan to provide up to 200 billion euros in subsidies to households and businesses to ease the strain of high gas, electricity and heating prices. Chancellor Olaf Scholz and the governors of Germany’s 16 states agreed Wednesday on a two-stage plan to tackle high gas prices that largely …

European Central Bank pushes banks to speed up climate work
2 years, 2 months ago

European Central Bank pushes banks to speed up climate work

Associated Press  

FRANKFURT, Germany — The European Central Bank is warning that many of the financial institutions it oversees are moving too slowly to shield themselves and Europe’s banking system from the impact of climate change, and it is setting new deadlines to meet those requirements. The ECB said some progress had been made but that a review of 186 banks published …

Germany puts off transport emissions decision until 2023
2 years, 2 months ago

Germany puts off transport emissions decision until 2023

Associated Press  

BERLIN — Germany is postponing politically sensitive decisions on reducing greenhouse gas emissions in the transport sector until 2023 amid strong opposition from one governing party to the idea of a universal speed limit, officials said Monday. The libertarian Free Democratic Party, which controls the Transport Ministry, has long blocked the introduction mandatory speed limits seen in most of Germany’s …

German parliament clears way for huge energy relief package
2 years, 2 months ago

German parliament clears way for huge energy relief package

Associated Press  

BERLIN — The German parliament on Friday cleared the way for the government to provide up to 200 billion euros in subsidies to households and businesses to ease the strain of high energy prices, a plan that has been greeted with suspicion elsewhere in Europe. The package, which is expected to run through 2024, also is supposed to help limit …

German government: Economy to shrink in 2023 as war bites
2 years, 2 months ago

German government: Economy to shrink in 2023 as war bites

Associated Press  

BERLIN — The German government on Wednesday slashed its growth forecast for this year and predicted that Europe’s biggest economy would shrink in 2023 as it deals with the fallout from Russia’s war in Ukraine, including Moscow cutting off natural gas supplies. Habeck said that despite the grim growth projections, employment would likely remain “robust.” Russian imports once accounted for …

Germany wants climate losses put on agenda at UN talks
2 years, 3 months ago

Germany wants climate losses put on agenda at UN talks

Associated Press  

BERLIN — Germany wants the huge economic damage resulting from global warming to be discussed at this year’s United Nations climate talks, Germany’s foreign minister said Friday. Speaking after a meeting with her counterpart from Pakistan, German Foreign Minister Annalena Baerbock said the recent devastating floods in the South Asian nation had shown “what dramatic consequences the climate crisis is …

Germany to spend billions to tackle high energy prices
2 years, 3 months ago

Germany to spend billions to tackle high energy prices

Associated Press  

BERLIN — Germany plans to spend up to 200 billion euros helping consumers and businesses as surging energy prices due to the war in Ukraine are pushing Europe’s largest economy into a looming recession. “We have taken decisions that allow us to deal with this changed situation.” The fund, part of wide efforts across Europe to provide relief on energy …

Germany: Recession clouds gather in Europe's largest economy
2 years, 3 months ago

Germany: Recession clouds gather in Europe's largest economy

Firstpost  

Germany’s key future indicator, the IFO survey of business confidence, pointed down for the fourth month in a row as high inflation fed by astronomical natural gas prices undermines consumer pricing power and imposes heavy costs on businesses Frankfurt: Europe’s largest economy is sending recession signals. Germany’s key future indicator, the IFO survey of business confidence, pointed down for the …

Economists, activists call for $100B climate fund in Germany
2 years, 3 months ago

Economists, activists call for $100B climate fund in Germany

Associated Press  

BERLIN — Economists, scientists and environmental campaigners called Tuesday for the German government to create a 100 billion-euro fund for tackling climate change. One of its spokespeople, Luisa Neubauer, said Germany should take its cue from a bill recently passed in the United States that envisions $375 billion in federal investments to fight climate change over the decade. Volker Quaschning, …

German leaders announce new energy, inflation relief plan
2 years, 4 months ago

German leaders announce new energy, inflation relief plan

Associated Press  

BERLIN — Germany will invest an additional 65 billion euros in a new round of measures aimed at easing the sting of inflation and high energy prices for consumers, the country’s governing coalition announced Sunday. Among the measures announced Sunday are additional one-time payments to help consumers cover energy costs, a planned price cap on a basic amount of energy …

Germany announces $65bn plan to combat rising energy prices
2 years, 4 months ago

Germany announces $65bn plan to combat rising energy prices

Al Jazeera  

Several EU nations announce emergency measures to combat skyrocketing energy prices in the wake of Russia’s war in Ukraine. ‘A decisive energy blow’ In his daily video address on Saturday night, Ukrainian President Volodymyr Zelenskyy told Europeans to expect a difficult winter after Moscow shut down the Nord Stream 1 pipeline. Last week Moscow said it would keep the Nord …

Democrats’ Climate Deal Puts U.S. Emissions Goals In Reach, 3 Separate Studies Show
2 years, 5 months ago

Democrats’ Climate Deal Puts U.S. Emissions Goals In Reach, 3 Separate Studies Show

Huff Post  

LOADING ERROR LOADING The potential climate and economic benefits of the surprise reconciliation package Democrats unveiled last week and are likely to pass as soon as this weekend are starting to come into a clearer view. Researchers have crunched the numbers to forecast how the more than 100 climate provisions in the $740 billion deal, called the Inflation Reduction Act, …

Germany to Reduce Government Incentives to Buy Electric Cars
2 years, 5 months ago

Germany to Reduce Government Incentives to Buy Electric Cars

News 18  

The German government plans to reduce incentive payments for buyers of electric cars and end subsidies for buying plug-in hybrids at the end of this year. At present, buyers of electric-only cars are eligible for government incentives of up to 6,000 euros and people who buy plug-in hybrids can get up to 4,500 euros. Starting in January, government incentives for …

Germany faces natural gas ‘crisis,’ raises warning level
2 years, 6 months ago

Germany faces natural gas ‘crisis,’ raises warning level

Associated Press  

BERLIN — Germany activated the second phase of its three-stage emergency plan for natural gas supplies Thursday, warning that Europe’s biggest economy faces a “crisis” and storage targets for the winter are at risk after Russia reduced energy deliveries to several countries. The government said the decision follows cuts Russia made to natural gas flows starting last week and surging …

EU unveils 210 billion euro plan to ditch Russian fossil fuels, as the war in Ukraine puts pressure on energy supplies
2 years, 7 months ago

EU unveils 210 billion euro plan to ditch Russian fossil fuels, as the war in Ukraine puts pressure on energy supplies

ABC  

The European Commission has unveiled a 210 billion-euro plan for Europe to end its reliance on Russian fossil fuels by 2027, and to use the pivot away from Moscow to quicken its transition to green energy. Key points: The EU says it will invest 210 billion euros into extra energy investments by 2027 It is part of a three-pronged plan …

Germany to ramp up military spending in major policy shift
2 years, 10 months ago

Germany to ramp up military spending in major policy shift

Al Jazeera  

Chancellor Olaf Scholz says the country will invest more than 2 percent of GDP in defence; also announces construction of new gas terminals. Chancellor Olaf Scholz, in a major shift for Germany’s defence policy, has committed 100 billion euros in military spending as he promised a revamp of the country’s armed forces following Russia’s invasion of Ukraine. Al Jazeera’s Dominic …

Germany faces ‘gigantic’ task meeting energy, climate goals
2 years, 11 months ago

Germany faces ‘gigantic’ task meeting energy, climate goals

Associated Press  

BERLIN — Germany’s new climate minister said Tuesday that the country faces a “gigantic” task if it wants to achieve its goals for reducing greenhouse gas emissions while ensuring sufficient energy for its energy-hungry industry. The government plans to phase out coal power “ideally” by 2030 as well, filling the gap with less polluting natural gas until enough renewable energy …

Merkel's successor inherits slowing German economy
3 years, 2 months ago

Merkel's successor inherits slowing German economy

The Telegraph  

Germany’s new chancellor will inherit a far weaker than expected recovery as the aftermath of the pandemic plays havoc with the country’s manufacturers, new forecasts show. The downbeat news comes amid ongoing coalition talks between the Social Democrats, the Greens and Free Democrats to succeed Angela Merkel’s “grand coalition” following last month’s election. The economy minister, Peter Altmaier, blamed the …

EU climate policy will have 'significant consequences' for NL
3 years, 3 months ago

EU climate policy will have 'significant consequences' for NL

Dutch News  

The European Commission’s climate change plans will have ‘significant consequences’ for Dutch climate and energy policy and will partly require a change of course, the Dutch environmental assessment agency PBL said on Friday in a new report. In addition, goals for green hydrogen use, energy saving and renewable energy for heating and cooling will also present a ‘hefty task’ for …

EU climate policy will have 'significant consequences' for NL
3 years, 3 months ago

EU climate policy will have 'significant consequences' for NL

Dutch News  

The European Commission’s climate change plans will have ‘significant consequences’ for Dutch climate and energy policy and will partly require a change of course, the Dutch environmental assessment agency PBL said on Friday in a new report. In addition, goals for green hydrogen use, energy saving and renewable energy for heating and cooling will also present a ‘hefty task’ for …

Germany to slip back in cutting greenhouse gases, emission to grow by largest amount since 1990: Study
3 years, 4 months ago

Germany to slip back in cutting greenhouse gases, emission to grow by largest amount since 1990: Study

India Today  

Germany is forecast to slip back below the threshold it had set for cutting greenhouse gases by 2020, amid a post-pandemic recovery and unfavorable conditions for renewable energy, according to a report by an environmental think tank Sunday. Berlin-based Agora Energiewende examined data from the first half of 2021 to forecast that total emissions in Germany this year will be …

Germany maps path to reaching ‘net zero’ emissions by 2045
3 years, 7 months ago

Germany maps path to reaching ‘net zero’ emissions by 2045

Associated Press  

BERLIN — The German government adopted an ambitious plan Wednesday to reduce the country’s greenhouse gas emissions to ‘net zero’ by 2045, five years earlier and with deeper cuts than previously planned. The roadmap approved by Chancellor Angela Merkel’s Cabinet sets out a number of measures for achieving the new target, including spending more to expand renewable energy sources and …

Germany aims for net zero emissions by 2045, 5 years earlier
3 years, 8 months ago

Germany aims for net zero emissions by 2045, 5 years earlier

Associated Press  

BERLIN — German officials proposed Wednesday that the country could bring forward the date for reducing its greenhouse gas emissions to “net zero” to 2045, after Germany’s top court ruled that existing plans place too much of the burden for curbing climate change on young people. The proposed targets so far include few details on how the emission cuts would …

Court: Germany must share climate burden between young, old
3 years, 8 months ago

Court: Germany must share climate burden between young, old

Associated Press  

BERLIN — In a ruling hailed as groundbreaking, Germany’s top court said Thursday the government must set clear goals for reducing greenhouse gas emissions after 2030, arguing that existing legislation risks placing too much of a burden for curbing climate change on younger generations. Fellow lawyer Roda Verheyen said the decision would likely mean Germany’s plans to phase out coal …

Germany: Greens set out climate-friendly vision for election
3 years, 9 months ago

Germany: Greens set out climate-friendly vision for election

Associated Press  

BERLIN — As it reaches for power in September’s national election, Germany’s Green party announced a program Friday that proposes speeding up the country’s exit from coal-fired power, raising carbon prices and massively increasing infrastructure spending. The party declared that its program would put Germany in line with the Paris climate agreement’s ambitious goal of limiting the rise in global …

Germany says it beat 2020 goal to cut greenhouse emissions
3 years, 11 months ago

Germany says it beat 2020 goal to cut greenhouse emissions

Associated Press  

BERLIN — Germany’s economy minister says the country beat its target of cutting greenhouse gas emissions by 40% last year compared to 1990 levels. Peter Altmaier said figures show Germany’s emissions of planet-heating gases were 42% lower in 2020 than three decades ago, confounding warnings that the country couldn’t meet its goal. While the coronavirus pandemic helped reduce emissions, Altmaier …

Germany agrees to amend energy law to boost renewables
4 years ago

Germany agrees to amend energy law to boost renewables

Hindustan Times  

Germany’s ruling coalition has agreed changes to a new energy law that aims to boost renewable power and help the country meet its goal of producing 65% of its electricity from green sources by 2030, parliamentary sources told Reuters. The energy law is now expected to go before a parliamentary committee on Tuesday ahead of votes in the lower house …

German government agrees $60 billion climate policy package
5 years, 3 months ago

German government agrees $60 billion climate policy package

Associated Press  

BERLIN — Under pressure from environmental protests and growing support for the opposition Green party, the German government agreed Friday on a 54 billion euro package of measures for tackling climate change. German Chancellor Angela Merkel said the deal hammered out by governing parties during marathon talks overnight would boost the country’s contribution to fighting global warming. But Ottmar Edenhofer, …

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