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German energy transition to a crossroads, says the minister

The German Minister of the Economy, Katherina Reiche, urged a change of course on Monday in the country’s transition to Net Zero, stressing the need to reduce costs so that change succeeds.

The energy transition of Germany is at the crossroads, said Reiche in Berlin while presenting a report on the surveillance of progress on the issue.

Germany is engaged in climate neutrality by 2045. But for the passage to Net Zero remains on the CAP, efforts must focus on reliability, security of supply, affordability and profitability, said Reiche.

Based on the report’s conclusions, the Minister plans to implement 10 “key measures”, including a systematic drop in grants.

While the general promotion of renewable energies should continue, a fixed rate for solar energy generated by new installations and supplied in the network must be abolished under the plans, for example.

The report, commissioned by the Ministry of Reiche, was compiled by two institutes to assess the expected electricity demand, the expansion of renewable energies and electricity networks. It also highlights potential areas for greater profitability.

Reiche, which has served as Minister of Economy and Energy since May, when the government led by Germany has taken office, has spoken out in favor of the concentration of energy policy on costs and security of supply in the light of the stuttening economy of Germany.

Its predecessor Robert Habeck, serving in the post under the previous administration of center-left, has strongly favored the expansion of renewable energies, mainly wind and solar energy.

However, increasing interventions have become necessary to prevent the network from overloading – expensive measures that have increased grid costs, which in turn feed electricity prices for consumers.

Today’s energy prices weigh on the economy, said Reiche, declaring better controlling the expansion of renewable energies.

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