Economic news

Germany should stay on green energy path despite Trump, minister says

2025.01.21 06:30

By Vera Eckert

BERLIN (Reuters) – Sticking with growth plans for green energy is the best response to Donald Trump after the U.S. president’s “fatal” move to withdraw from the Paris climate accord, German vice chancellor Robert Habeck said on Tuesday.

“We have to bring our own technologies to the fore,” said Habeck, the architect of plans to make 80% of electricity green in Germany by 2030, speaking at the Handelsblatt annual energy conference in Berlin.

The move by Trump, a climate change sceptic, to withdraw from the Paris climate treaty was widely expected and further threatens the agreement’s central goal to limit a rise in global temperatures to 1.5 degrees Celsius above pre-industrial levels.

Germany, Europe’s biggest economy, holds a national election on Feb. 23, where Habeck’s Greens are trailing in opinion polls as a cost-of-living crisis and an economic downturn has shifted some voters’ focus away from climate protection.

Economy minister Habeck said self-reliance through domestic green energy remained the best response to dependency on energy imports and high costs, especially as Russian gas supplies to Europe dwindle following the invasion of Ukraine in 2022.

© Reuters. FILE PHOTO: German Economy and Climate Minister Robert Habeck looks on as he speaks after attending a public hearing of the 'Nuclear phase-out' committee of enquiry in Berlin, Germany January 16, 2025.  REUTERS/Annegret Hilse/File Photo

Habeck urged parliament to pass a draft bill giving more digital control of expanding renewable capacity to help rein in rising costs and bring down consumer bills.

Another unfinished plan, a capacity market for power, was also a priority, he said. Otherwise, coal-burning power plants, that offer stable supply, would have to operate beyond the targeted 2030 cut-off date.



Source link

Related Articles

Back to top button
bitcoin
Bitcoin (BTC) $ 106,129.44 4.26%
ethereum
Ethereum (ETH) $ 3,324.82 1.87%
xrp
XRP (XRP) $ 3.17 2.32%
tether
Tether (USDT) $ 1.00 0.11%
solana
Solana (SOL) $ 250.04 3.09%
bnb
BNB (BNB) $ 692.09 2.16%
dogecoin
Dogecoin (DOGE) $ 0.371364 5.00%
usd-coin
USDC (USDC) $ 1.00 0.00%
cardano
Cardano (ADA) $ 1.00 0.27%
staked-ether
Lido Staked Ether (STETH) $ 3,316.70 1.61%
tron
TRON (TRX) $ 0.244763 3.04%
chainlink
Chainlink (LINK) $ 26.62 6.53%
avalanche-2
Avalanche (AVAX) $ 36.90 3.10%
sui
Sui (SUI) $ 4.66 6.26%
wrapped-steth
Wrapped stETH (WSTETH) $ 3,948.18 1.58%
wrapped-bitcoin
Wrapped Bitcoin (WBTC) $ 105,836.36 3.70%
stellar
Stellar (XLM) $ 0.442349 0.50%
the-open-network
Toncoin (TON) $ 5.19 3.53%
hedera-hashgraph
Hedera (HBAR) $ 0.3371 1.02%
shiba-inu
Shiba Inu (SHIB) $ 0.000021 3.05%
polkadot
Polkadot (DOT) $ 6.64 4.48%
weth
WETH (WETH) $ 3,324.65 1.75%
litecoin
Litecoin (LTC) $ 118.75 0.76%
leo-token
LEO Token (LEO) $ 9.67 0.34%
bitcoin-cash
Bitcoin Cash (BCH) $ 446.60 3.85%
bitget-token
Bitget Token (BGB) $ 7.22 2.44%
official-trump
Official Trump (TRUMP) $ 44.33 20.44%
uniswap
Uniswap (UNI) $ 13.48 0.09%
hyperliquid
Hyperliquid (HYPE) $ 23.08 12.82%
pepe
Pepe (PEPE) $ 0.000016 1.12%
wrapped-eeth
Wrapped eETH (WEETH) $ 3,524.28 2.04%
usds
USDS (USDS) $ 1.00 0.16%
near
NEAR Protocol (NEAR) $ 5.24 3.22%
ethena-usde
Ethena USDe (USDE) $ 0.999733 0.23%
aave
Aave (AAVE) $ 370.14 9.96%
aptos
Aptos (APT) $ 8.73 2.58%
internet-computer
Internet Computer (ICP) $ 9.86 0.97%
ondo-finance
Ondo (ONDO) $ 1.36 5.50%
whitebit
WhiteBIT Coin (WBT) $ 28.56 1.02%
ethereum-classic
Ethereum Classic (ETC) $ 27.15 5.60%
vechain
VeChain (VET) $ 0.049307 7.33%
monero
Monero (XMR) $ 214.56 3.16%
polygon-ecosystem-token
POL (ex-MATIC) (POL) $ 0.452485 2.79%
crypto-com-chain
Cronos (CRO) $ 0.139181 5.68%
render-token
Render (RENDER) $ 7.24 7.84%
mantle
Mantle (MNT) $ 1.09 5.81%
algorand
Algorand (ALGO) $ 0.424588 0.86%
dai
Dai (DAI) $ 1.00 0.05%
mantra-dao
MANTRA (OM) $ 3.66 1.74%
okb
OKB (OKB) $ 58.59 0.81%