Germany has approved the new climate law
Germany has approved the new climate law by 2030, tightening the annual targets from 2024 and bringing the net zero to 2045. According to German’s Environment Minister Svenja Schulze, the new target for 2030 is a 65% reduction in CO2 emissions equivalent to an additional 102 million tons a year less for energy, industry, transport and heating in the largest European economy. The energy sector is the hardest hit with the emissions of power plants to 2030 that will have to limit to 108 million tons, in decrease of 38%, or 68 million tons regarding the previous objective aligned with the dates of closing of the coal. The most stringent objective could mean a faster exit from coal, with the law that sets only one date, that of 2038.