The German Chancellor, Olaf Scholz, is facing the challenge of reevaluating plans for financing climate policy and energy transition following a ruling by the Federal Constitutional Court. The court deemed the transfer of €60 billion from a COVID fund to be illegal. However, the court ruled that bringing forward this borrowing capacity, which was accumulated during the pandemic … [Read more...] about Overhaul Required for Financing Climate Policy and Energy Transition in Germany
Germany
Inflation in Germany Rises Less Than Expected
Inflation in Germany rose less than expected in December, fueling hopes that the European Central Bank (ECB) may reduce interest rates this year. According to Germany's federal statistics office, annual headline inflation, adjusted to harmonize with other EU nations, climbed to 3.8% last month from November's 2.3%. However, experts attribute this jump to base effects related to … [Read more...] about Inflation in Germany Rises Less Than Expected
Aker Carbon Capture Conducting Feasibility Study for Carbon-Capture Plant in Germany
Aker Carbon Capture, a Norwegian company, has announced that it will be conducting a feasibility study for a carbon-capture plant at a waste-to-energy facility in Germany. The study, awarded by Amsterdam-based renewables company Tree Energy Solutions, will focus on assessing the optimal carbon dioxide capture, liquefaction, and temporary storage facility. The proposed plan … [Read more...] about Aker Carbon Capture Conducting Feasibility Study for Carbon-Capture Plant in Germany
German Business Climate Rebounds Slightly in April
Source: Ifo German business climate posted a slight rebound in April, with firms less pessimistic about the coming months. EWG is down 0.96%, while DAX is up 1.77% premarket. The German business climate index stood at 91.8 in April, up from 90.8 in March but still lower than the 96.4 recorded in the same month last year.The indicator for the current situation posted … [Read more...] about German Business Climate Rebounds Slightly in April
German Economic Sentiment Falls Further to -41.0
Source: ZEW German economic sentiment declined further in April, as experts assume that economic conditions are expected to deteriorate moving forward. EWG is up 0.44%, while DAX is down 1.82% premarket. The ZEW Indicator of Economic Sentiment for Germany dropped 1.7 points to -41.0 points.The assessment of the economic situation also declined by 9.4 points to -30.8, the … [Read more...] about German Economic Sentiment Falls Further to -41.0
