• Investing
  • Stock
  • Editor’s Pick
  • Economy
The Significant Deals
Editor's Pick

Germany should stay on green energy path despite Trump,minister says

by January 21, 2025
written by January 21, 2025

By Vera Eckert

BERLIN (Reuters) – Sticking with growth plans for green energy is the best response to Donald Trump after the U.S. president’s “fatal” move to withdraw from the Paris climate accord, German vice chancellor Robert Habeck said on Tuesday.

“We have to bring our own technologies to the fore,” said Habeck, the architect of plans to make 80% of electricity green in Germany by 2030, speaking at the Handelsblatt annual energy conference in Berlin.

The move by Trump, a climate change sceptic, to withdraw from the Paris climate treaty was widely expected and further threatens the agreement’s central goal to limit a rise in global temperatures to 1.5 degrees Celsius above pre-industrial levels.

Germany, Europe’s biggest economy, holds a national election on Feb. 23, where Habeck’s Greens are trailing in opinion polls as a cost-of-living crisis and an economic downturn has shifted some voters’ focus away from climate protection.

Economy minister Habeck said self-reliance through domestic green energy remained the best response to dependency on energy imports and high costs, especially as Russian gas supplies to Europe dwindle following the invasion of Ukraine in 2022.

Habeck urged parliament to pass a draft bill giving more digital control of expanding renewable capacity to help rein in rising costs and bring down consumer bills.

Another unfinished plan, a capacity market for power, was also a priority, he said. Otherwise, coal-burning power plants, that offer stable supply, would have to operate beyond the targeted 2030 cut-off date.

This post appeared first on investing.com
0 comment
0
FacebookTwitterPinterestEmail

previous post
Futures climb as investors brace for President Trump’s trade policy plans
next post
Funds start Trump 2.0 era most bullish on dollar since 2016: McGeever

You may also like

Trump’s Colombia tariffs on hold after Bogota agrees...

March 13, 2026

Analysis-To weather Trump, emerging market investors look to...

March 13, 2026

Fuji Media, rocked by sexual misconduct allegations, says...

March 13, 2026

China central bank conducts 1.7 trln yuan of...

March 13, 2026

European tech shares tumble as China’s AI push...

March 13, 2026

ECB president fears loss of central bank independence

March 13, 2026

Futures slip as investors eye China’s latest AI...

March 13, 2026

How billionaire Caltagirone could influence Italy’s banking M&A...

March 13, 2026

Markets may be repeating the mistake of 2019,...

March 13, 2026

How Italy’s MPS went from near collapse to...

March 13, 2026
Sign up and get the scoop before anyone else—fresh updates, and secret deals, all wrapped up just for you. We're talking juicy tips, fun surprises, and invites to events you actually want to go to. Don’t just watch from the sidelines—jump in and be part of the magic!








    By signing up, you're cool with getting emails from us. Don’t worry — your info stays safe, sound, and strictly confidential. No spam, no funny business. Just the good stuff.

    Recent Posts

    • What falling wage growth says about where the U.S. economy is heading

      April 7, 2026
    • Savannah Guthrie returns to ‘TODAY’ amid search for mother: ‘It’s good to be home’

      April 7, 2026
    • U.S. added 178,000 jobs in March, reflecting resilient labor market just as Iran war escalated

      April 6, 2026
    • U.S. oil has its biggest one-day price increase in six years, driving the cost of gas even higher

      April 6, 2026

    Categories

    • Economy (245)
    • Editor's Pick (3,646)
    • Investing (726)
    • Stock (6,426)

    Latest News

    • What falling wage growth says about where the U.S. economy is heading
    • Savannah Guthrie returns to ‘TODAY’ amid search for mother: ‘It’s good to be home’

    Popular News

    • European markets mixed in muted trade as holiday-shortened week begins
    • Fed minutes may show start of debate over how far to go on rate cuts

    About The Significant deals

    • Contact us
    • Privacy Policy
    • Terms & Conditions

    Copyright © 2026 thesignificantdeals.com | All Rights Reserved

    The Significant Deals
    • Investing
    • Stock
    • Editor’s Pick
    • Economy