Tag: Angela Merkel

France back EU stance on Nord Stream 2

France back EU stance on Nord Stream 2

Efforts from Brussels to regulate the Russian led Nord Stream 2 gas project have been bolstered by support from the French for proposed EU energy rules on the pipeline, despite German opposition. Although the proposal does not have the leverage to stop the pipeline, it could restructure the operation and […]

German coal phase out could be delayed

German coal phase out could be delayed

Germany’s planned 2038 coal phase out could be delayed beyond its deadline if energy security issues arise, according to a senior legislator in Angela Merkel’s CDU. Last Saturday a commission proposed the phase out with the goal of mapping out Germany’s transition to a more environmentally friendly low carbon economy, […]

German transition away from coal to cost taxpayers billions

German transition away from coal to cost taxpayers billions

The cost of Germany’s transition away from the use of coal could end up setting taxpayers back billions of euros each year over the next two decades. The country’s reliance on the cheap fuel is seen to be one of the reasons it is falling behind on its climate change […]

FTSE surges with little sign of slow down

FTSE surges with little sign of slow down

The FTSE 100 surged 1.854pc to 7,068.23, boosted by the announcement the German Chancellor Angela Merkel would not run for re-election as head of the CDU party, with little sign of the UK index slowing down as lunchtime approached. Global mining giants led the surge of the FTSE 100, with […]

Merkel in search for Russian gas alternatives

Merkel in search for Russian gas alternatives

German Chancellor Angela Merkel is to visit Azerbaijan in the hopes of boosting supplies of Caspian gas to Europe following increased pressure from the US over the Nord Stream 2 project that will supply the continent with Russian gas. One senior official said there is interest to develop the “southern […]

Merkel to discuss Nord Stream 2 with Putin

Merkel to discuss Nord Stream 2 with Putin

German Chancellor Angela Merkel’s spokesman Steffen Seibert has confirmed the leader will meet with Russian President on Saturday 18th August to discuss the Nord Stream 2 natural gas pipeline, amongst other things. The meeting will take place at Merkel’s residence to the north of Berlin, where the two will discuss […]

Merkel counters Poland’s concerns over Nord Stream 2

Merkel counters Poland’s concerns over Nord Stream 2

Germany’s Chancellor Angela Merkel has said she does not see Nord Stream 2, a gas pipeline between Russia and Berlin, as a threat to energy diversification – countering Poland’s views on the proposed project. Polish Prime Minister Mateusz Morawiecki has reached out to the US to impose sanctions on the […]

Germany concede 2020 climate targets

Germany concede 2020 climate targets

The two biggest political parties in Germany yesterday agreed to write off the 2020 climate targets of reducing greenhouse gas emissions by 40% from 1990 levels, according to sources close to the coalition negotiations. Christian Democratic Union (CDU) is seeking to form a coalition government with the Social Democratic Party […]