Environment minister urges termination of gas extraction project off the German North Sea Island

According to sources in the daily Neuen Osnabrücker Zeitung, the German environment minister has requested that plans for gas extraction be shelved in the area surrounding the northwestern island of Borkum. Beginning around the end of the year 2024, the…

Germany’s €99 billion energy support program’s final details

The German government reached an agreement on the final specifics of its flagship energy support program, which will lower energy costs for individuals and businesses and will be financed by a tax on energy companies’ windfall profits. EU nations expressed…

Large-scale power outages in Germany are “extremely unlikely” this winter

According to the Federal Office for Civil Protection and Disaster Assistance (BBK), there is a relatively low risk of power outages occurring in Germany over the upcoming winter. According to the agency, “a widespread power outage in Germany is quite…

Hamburg will become the site of Germany’s first green ammonia import terminal

The port city of Hamburg in northern Germany is going to be the site of the construction of Germany’s first terminal for the import of green hydrogen and its derivatives. The terminal is expected to begin operations in 2026, according…

Germany is committing an additional €550 million to green hydrogen collaboration

The government of Germany is establishing two new funds with a total of 550 million euros to support the development of the global hydrogen economy through cooperation, particularly with emerging and developing countries. These funds will be set up by…

Due to the energy crisis, one in ten German companies are at risk of bankruptcy

According to an analysis conducted by the credit information provider CRIF, the effects of the energy crisis and problems with supply chains have put ten percent of German companies at an increased risk of insolvency at the present time. CRIF…

U.S. and German funding will help Egypt reduce gas consumption and increase exports

Egypt, the host nation of COP27, announced in a joint declaration with the United States and Germany that it would “explore” a net zero goal, bring forward its target for the use of renewable energy sources, update its climate plan,…

German industry has shown a keen interest in Egypt’s plans for green hydrogen

German industry hopes to find a dependable long-term replacement for fossil gas from Russia as a result of plans by Egypt’s government and other governments in the region to make northern Africa and the Middle East (MENA) a major exporter…

Germany to cover consumers’ and businesses’ gas payments for December

According to a planned two-stage energy price ceiling suggested by a government-appointed expert panel on Monday, the German state will cover all homes’ and small- to medium-sized firms’ monthly gas bills in December. According to the plan, the one-time full…

Germany is unlikely to meet its climate goals without a “paradigm shift” in policy

Government advisors have cautioned that Germany’s current climate strategy may require a fundamental overhaul if the country is going to meet its targets for the reduction of emissions. During the presentation of the supervisory body’s first overall assessment of climate…