german federal government increases 2030 climate targets

The recently implemented climate protection legislation sets Germany on course for an intensification of its energy transformation. Through this legislation, climate goals have been strengthened and alignment with the goals of the Paris Climate Agreement improved.

The legislation sets the goal of a 65% reduction of greenhouse gas emissions by 2030 (when measured against 1990 baseline emissions). Until 2021 this goal had been a 55% reduction by 2030. Additionally, complete climate neutrality should be achieved by 2045, 5 years earlier than previously planned. 

These minimum goals have overarching consequences for various economic sectors, including but not limited to the energy, transport, and construction industries.

Natural environmental areas such as oceans and forests provide a great capability to capture carbon which will be increasingly utilised into the future. Additionally, energy generators will be required to play a significant role by reducing their emissions. Renewable sources such as solar, wind, and biomass are already well-established components of this transition, however a large proportion of German electricity generation is still derived from coal and gas.

The alignment of business activities with the ambitious 2030 goals will increasingly be expected from customers. It is therefore a perfect time for further investment in renewable energy and sustainability.