- 6d ago
German parliament scraps 65% green heating mandate, allows new oil and gas boilers from 2029 with rising biofuel quota
The Bundestag voted 322 to 272 on Friday to pass the new Building Modernisation Act, removing the requirement that new heating systems use 65% renewable energy and once again permitting the installation of pure gas and oil boilers.
- Jul 7
Germany to build strategic gas reserve, consumers face new levy to cover €1.5 billion cost
The German government is set to approve a strategic gas reserve of 24 terawatt hours in mid-August, financed by a new levy on gas consumers. The reserve aims to protect against sabotage and import outages.
- Jun 16
US and Iran agree on framework to end war and reopen Strait of Hormuz, boosting markets
A framework agreement between the United States and Iran to end the months-long war and reopen the Strait of Hormuz sent oil prices down 5% and lifted global stock markets on Monday, though economists cautioned that the economic damage would take time to heal.
- May 30
Thousands form human wind turbine in Hamm to protest Germany's new gas power plant plans
Thousands of climate activists gathered in Hamm, Germany, on Saturday to protest the government's plans to build new gas-fired power plants, forming a human wind turbine that organizers claimed set a world record.
- May 26
Germany's Dependency on China for Critical Goods Deepens, Contradicting Government Diversification Goals
A new study reveals that Germany's import dependence on China for strategically vital goods, including lithium batteries, solar panels, and antibiotics, has increased sharply, undercutting Berlin's de-risking strategy.
