FUNDAMENTAL CHANGES ARE UNDERWAY IN EUROPE’S LARGEST ECONOMY
Germany’s green transition may have been accelerated by five to ten years. And remarkably, it could have proceeded at a faster pace still.
An early leader in offshore wind and solar PV, targets increased to 20GW of offshore wind by 2030 and 40GW by 2040, alongside investments in 5GW of hydrogen by 2030. Targets during the best-of-times are prone to slippage, and the military conflict in Europe constitutes a category different threat to those ambitions. TWM’s Country Reports chart the remarkable recalibration brought about by the combined challenges of the last three years. Green transitions have speeded up, and consumers are using energy more efficiently. (...)
Quote of the edition
It is a phrase subjected to much speculation in recent years, and now Harm Bergmann- Kramer has defined it: “Sustainability is the new normal.” The WEPA Chief Operating Officer explains what it means for the German tissue giant in Country Reports.
