Germany’s coalition government has approved a ‘climate pact’ that allocates up to €8 billion to finance initiatives from 2022. Urgent action is required in energy, industry and transport as Chancellor Angela Merkel vowed Germany will reach Net Zero emissions five years earlier than planned in 2045. The steel, chemicals and cement industry has come under intense scrutiny.
President Joe Biden’s latest announcement to reduce US greenhouse gas emissions by “at least 50% by 2030” has been welcomed by policy makers in the EU. The target more than doubles the US prior commitment under the Paris Agreement. A few days earlier, the UK announced a radical new 78% emission reduction target by 2035.
The United Kingdom, host of the COP26 climate summit in November, plans to announce more ambitious climate targets “in the coming days.” According to the Financial Times, the UK’s new pledge will be to cut emissions by 78% compared to 1990-levels by 2035. If realised, Britain would outperform other major economies, notably in Europe.
Germany’s Federal Network Agency (BNetzA) has defined the route for a much-debated new direct current power transmission line that will bring wind power from the North to the Germany’s industrial south. The regulator approved the last 190-km stretch of the 700-km grid connection, called SuedLink, set to be built by the TSOs TenneT and TransnetBW.
Germany's Federal Network Agency (BNetzA) has granted approval for the upgrade of over 24 transmission pipelines to also transport hydrogen. German gas grid operators had said an initial hydrogen grid could be established at “justifiable cost” of around €660 million, largely by converting current pipelines.
Japan’s largest LNG importer and power producer JERA has submitted the environmental impact assessment and scoping document for Units 7&8 at its Chita Thermal Power Station. The plan involves the decommissioning of the ageing coal-fired Units 1 through 5, and replacing them with two LNG-fuelled combined-cycle power units with 63.2% thermal efficiency.
The German Chancellor Angela Merkel has urged industry and private households to do more to expand the renewable energy rollout, especially in the heating sector where most energy is still produced from fossil fuels. Speaking at a VKU event, she called the 46% renewables share in the power sector “remarkable” but looking at 2030 this was “not yet enough.”
In today’s budget, the UK Chancellor Rishi Sunak is expected to commit £27 million for the Aberdeen Energy Transition Zone, designed to turn the area into a renewable energy hub. The UK oil and gas industry also welcomed the Chancellor’s announcement that Scottish businesses will receive a boost of over £57 million to create local jobs in key sectors.
Germany’s investments under the European recovery programme are below the required minimum share. The government proposed a €130 billion recovery package in 2020 and promised to add another €300 billion to the EU Recovery and Resilience Facility, but green energy spending is still significantly below the 37% benchmark set by the European Commission.