Germany plans to introduce a new plan to reach climate neutrality by 2050

15 Sep 2020

The German government is planning to raise the price of CO2 for transport and heating buildings, as the European Commission would be considering raising its 2030 greenhouse gas (GHG) emissions cut target. The German authorities are planning to introduce a charter for climate neutrality and economic power, which would codify the target for climate neutrality by 2050 for each government level (federal, state, and municipal). In addition, the text would introduce carbon "contracts for difference" for sectors and companies that commit to a quick transformation process. It would also introduce CO2 tenders, in which enterprises would bid on the price at which they are prepared to reduce a certain amount of CO2. Finally, the government could create a matching mechanism to ensure companies have sufficient renewable power, renewable heat, and green hydrogen at their disposal

According to the German government, Germany emitted 35.7% less greenhouse gases (GHG) in 2019 than in 1990, compared with a reduction of 32% in 2018 and 27.5% in 2017. GHG emissions in 2019 thus fell by almost 54 MtCO2eq (-6.3%) in 2019 to around 805 MtCO2eq. In June 2020, the German government adopted the final version of its national energy and climate plan (NECP). According to the plan, Germany intends to reduce GHG emissions by at least 55% by 2030 compared to 1990, to cut primary energy consumption by 30% by 2030 compared to 2008 and to increase the share of renewables in gross final energy consumption to 30% by 2030.

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