Germany does not expect a decline in world energy prices
German Economy and Climate Protection Minister Habeck told reporters after the German cabinet meeting that if Germany had enough gas in its natural gas reservoirs by the end of this winter, the country would not see record increases in energy prices last year.
Stating that a decline in energy prices in global markets is not expected, Habeck said: “No one can really be sure or predict if there will be a permanent change for the better. But there is a possibility. he used the phrase.
Robert Habeck argued that Germany’s electricity supply is guaranteed until 2031, despite the country’s gradual exit from coal and the expected growth in consumption in the coming years.
According to the German government report, electricity supply will be secure by moving away from fossil fuel-powered power plants and expanding renewable capacity and transportation networks in the country between 2025 and 2031.
The German government is expected to publish its strategy for power plants in June 2023.
EU GREEN INDUSTRY SUPPORT PLAN
Habeck welcomed the European Union’s (EU) plan to protect its own companies from intense incentives for green industry from countries like the US and China.
On the subject of the “European Green Deal Industry Plan” presented today by EU Commission President Ursula von der Leyen, Habeck said: “This is a very good plan. We have a common goal. Promote the development of the green economy to become climate neutral and strengthen the EU as an attractive and competitive place for investment and innovation. she made her assessment. (AA)
Source: Sozcu
Andrew Dwight is an author and economy journalist who writes for 24 News Globe. He has a deep understanding of financial markets and a passion for analyzing economic trends and news. With a talent for breaking down complex economic concepts into easily understandable terms, Andrew has become a respected voice in the field of economics journalism.
