
Article content
(Bloomberg) — Leaders in Berlin clashed over whether Germany should slow down the pace of its renewables expansion in order to focus efforts on building new gas-fired power plants, setting the stage for friction in what the coalition has dubbed an “autumn of reforms.”
THIS CONTENT IS RESERVED FOR SUBSCRIBERS ONLY
Subscribe now to read the latest news in your city and across Canada.
- Exclusive articles from Barbara Shecter, Joe O'Connor, Gabriel Friedman, and others.
- Daily content from Financial Times, the world's leading global business publication.
- Unlimited online access to read articles from Financial Post, National Post and 15 news sites across Canada with one account.
- National Post ePaper, an electronic replica of the print edition to view on any device, share and comment on.
- Daily puzzles, including the New York Times Crossword.
SUBSCRIBE TO UNLOCK MORE ARTICLES
Subscribe now to read the latest news in your city and across Canada.
- Exclusive articles from Barbara Shecter, Joe O'Connor, Gabriel Friedman and others.
- Daily content from Financial Times, the world's leading global business publication.
- Unlimited online access to read articles from Financial Post, National Post and 15 news sites across Canada with one account.
- National Post ePaper, an electronic replica of the print edition to view on any device, share and comment on.
- Daily puzzles, including the New York Times Crossword.
REGISTER / SIGN IN TO UNLOCK MORE ARTICLES
Create an account or sign in to continue with your reading experience.
- Access articles from across Canada with one account.
- Share your thoughts and join the conversation in the comments.
- Enjoy additional articles per month.
- Get email updates from your favourite authors.
THIS ARTICLE IS FREE TO READ REGISTER TO UNLOCK.
Create an account or sign in to continue with your reading experience.
- Access articles from across Canada with one account
- Share your thoughts and join the conversation in the comments
- Enjoy additional articles per month
- Get email updates from your favourite authors
Sign In or Create an Account
or
Article content
Chancellor Friedrich Merz backed Economy Minister Katherina Reiche’s view that Germany should “slightly reduce the expansion targets,” he said Tuesday at an event organized by the German Mechanical Engineering Association. A day earlier, Reiche had justified a rollback of renewables subsidies with a report she commissioned, which predicted Germany’s electricity consumption will increase less than previously assumed by 2030.
Article content
Article content
Article content
Finance Minister Lars Klingbeil railed against the idea, arguing on TV channel Phoenix that the “expansion of renewables must continue without restrictions.”
Article content
By signing up you consent to receive the above newsletter from Postmedia Network Inc.
Article content
Germany has rapidly expanded its clean energy infrastructure in recent years, particularly after Russia’s invasion of Ukraine highlighted the vulnerability of its reliance on imported fossil fuels. It currently aims to get 80% of its electricity from renewable sources by 2030.
Article content
When the new government took office earlier this year, it said it wanted to focus efforts on bringing energy costs down, prompting expectations it may focus less on green energy.
Article content
Klingbeil’s party, the Social Democrats, formed part of the previous government’s coalition, which had tried to accelerate the clean energy expansion. “We will not allow any slowdowns in this area,” he said. Merz and Reiche are both from the conservative Christian Democrats.
Article content
Reiche aims to incentivize the construction of 20 gigawatts of new gas-fired power plant capacity, with a first auction due by the end of the year, a move criticized by climate activists.
Article content
—With assistance from Michael Nienaber.
Article content