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Copper Price news, page-24

  1. Bison8
    1,067 Posts.
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    03/06/21
    00:08
    Post #: 53607358

    EXCLUSIVE Germany to speed up wind and solar energy expansion - draft



    The German government plans to speed up the expansion of wind and solar energy by 2030 as part of its climate protection programme, a draft law seen by Reuters showed on Wednesday.

    The new plan aims to expand installed production capacity of onshore wind energy to 95 gigawatts by 2030 from a previous target of 71 GW, and of solar energy to 150 GW from 100 GW, the draft showed.

    Germany's installed capacity of onshore wind power stood at of 54.4 GW and of solar energy at 52 GW in 2020.

    The climate protection programme also envisages funding of around 7.8 billion euros ($9.5 billion) for next year, including 2.5 billion euros for building refurbishment and an extra 1.8 billion euros for subsidies for electric car purchases.


    The plan also includes doubling support to help industry change processes to cut emissions of carbon dioxide, such as in steel or cement production.

    However, these financial pledges can only be approved after the German federal election in September.



    https://www.reuters.com/world/europe/exclusive-germany-speed-up-wind-solar-energy-expansion-draft-2021-06-02/
    CYM Price at posting: 31.5¢ Sentiment: Buy Disclosure: Held
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