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Berlin to spend EUR 203bn to speed up energy transition
Berlin aims to fund the German energy transition and climate protection measures with EUR 203bn by 2026, an increase of EUR 86bn, to reduce its dependency on Russian energy supplies, Germany’s economy ministry said late on Wednesday.
read more... 18/03/2022
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Germany woos South Africa to replace Russian coal
Germany’s plan to halt all imports of Russian coal this year has deepened market efforts to secure alternative material in the shortest possible time, with South Africa – formerly one of Europe’s main suppliers – one of the most favourable candidates, market participants said.
read more... 15/03/2022
German finance minister open to new oil, gas drilling in North Sea
Germany should rethink its ban on allowing new drilling for oil and gas in the North Sea as it tries to reduce its dependence on Russian energy due to the invasion of Ukraine, Finance Minister Christian Lindner said on Sunday.
read more... 14/03/2022
Germany reactivates coal power plants amid Russian gas supply threats
As Germany closes its last nuclear reactors, it is also reactivating old coal power plants to ensure electricity supply security amid Russian threats to turn off the gas tap.
read more... 10/03/2022
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Germany rules out prolonging its nuclear power plants
Berlin has ruled out extending the lifetime of its existing nuclear fleet, brushing aside energy security concerns after Moscow threatened to halt gas supplies to Germany in retaliation for Western sanctions in the ongoing Russia-Ukraine war.
read more... 09/03/2022