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Germany Shifts Net-Zero Target to 2045, Sets Tougher Limits for Energy Industry

Follow Us We are first in your inbox with the most important news in the industry―keeping you smarter and one-step ahead in this ever-changing and competitive market.Start your free subscription Germany Shifts Net-Zero Target to 2045, Sets Tougher Limits for Energy Industry Germany has moved its climate neutrality target up from 2050 to 2045 and adopted new interim binding targets that will require greenhouse gas (GHG) emissions reductions of 65% by 2030 and 88% by 2040, compared to 1990 levels. After 2050, notably, the country—which is Europe’s biggest economy—envisions it will achieve negative GHG emissions.  Germany’s federal cabinet adopted the reforms to its Climate Change Act on May 12 as recommended by Federal Environment Minister Svenja Schulze to put the country on track to match new, higher European Union (EU) climate targets for 2030. As significantly, however, the reforms also respond to a landmark decision by the Federal Cons

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