The new German coalition government has announced a pact to strengthen the country in face of growing global political tensions. Within the energy sector, the government intends to lower electricity prices by at least 5 cents by cutting the electricity tax to the European minimum, cut grid fees and introduce an industrial electricity price. In addition, the government plans to build up to 20 GW of gas power plant capacity by 2030 and to create the framework to allow the installation of CCS technology, including for gas-fired power plants. A heating law aimed to phase out fossil fuel heating that established a gas storage levy introduced in 2022 to cover the costs of replacing Russian gas is also expected to be abolished.
The government still targets net-zero by 2045 and to continue with the implementation of the Paris Climate Agreement but seeks to implement a binding EU climate target to cut net emissions 90% by 2040.
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