German coalition blueprint aims for higher renewable quota

By Kitco News / January 12, 2018 / www.kitco.com / Article Link

FRANKFURT, Jan 12 (Reuters) - A blueprint for talks on Germany's next coalition governmentcirculated on Friday spelled out measures to achieve a renewable quota of 65 percent in the power mix by 2030.

* Negotiators said they plan tenders for 4 gigawatts (GW) of photovoltaics and 4 GW onshore wind as well as an unspecified offshore wind energy contribution for 2019 and 2020

* This will help achieve targeted annual carbon emissions savings of 8 to 10 million tonnes by 2020

* Implementation depends on whether power transmission networks can be bumped up in time, a goal that both the conservatives and the Social Democrats say they want to achieve

* They want to support energy storage measures to help surplus renewable power applications in new areas

* Say they want to modernise power and heat generation, a process that is environmentally friendly as it captures heat from burning fuels for electricity

* A law to achieve climate goals, not just in energy, but also in building and transport, is to be implemented in 2019

* Energy industry group BDEW lamented the lack of enough support for new technology, which could speed efforts to cut emissions from heat and transport, as well as the decision to drop plans for energy tax cuts for consumers


(Reporting by Vera Eckert, editing by Joseph Nasr)

Disclaimer: The views expressed in this article are those of the author and may not reflect those of Kitco Metals Inc. The author has made every effort to ensure accuracy of information provided; however, neither Kitco Metals Inc. nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in commodities, securities or other financial instruments. Kitco Metals Inc. and the author of this article do not accept culpability for losses and/ or damages arising from the use of this publication.

Recent News

US tariff hikes shock market and drive retaliation

February 03, 2025 / www.canadianminingreport.com

Defensives and other sectors far outpace tech since H2/24

February 03, 2025 / www.canadianminingreport.com

Gold miner stock ETFs outpace rest of sector from mid-2024

January 27, 2025 / www.canadianminingreport.com

Gold stocks outpace broader equity gains

January 27, 2025 / www.canadianminingreport.com

Gold stocks rise but lag broader equity gains

January 20, 2025 / www.canadianminingreport.com
See all >
Share to Youtube Share to Facebook Facebook Share to Linkedin Share to Twitter Twitter Share to Tiktok