Summary:
The German federal government has announced its ability to exit coal between 2025 and 2030, marking a significant step towards the country’s goal of becoming powered by renewable and hydrogen energy. However, the Russian invasion of Ukraine has hindered Germany’s transition to green energy as Russia has been its largest supplier of oil and gas. Despite this, the Federal Network Agency has announced that electricity demand can be met reliably between 2025 and 2031, which includes the increasing demand for electric vehicles and heat pumps. While some eastern states in Germany expect a phase-out date before 2038, the conversation around when, not if, is promising. The move towards clean energy is in conjunction with government policy easing restrictions on wind turbines and the strategy to build new hydrogen power plants.
Read more at: https://happyeconews.com/2023/03/02/germany-can-exit-coal-sooner-than-expected/