The energy transition is a herculean challenge that is being thwarted by the world’s addiction to fossil fuels. Fortunately, the IEA had some good news recently when it announced that CO2 emissions in 2019 did not increase compared to 2018 while the world economy grew by 3 percent. The unexpected stabilization is primarily the result of the rapid growth of renewables and the substitution of coal by natural gas. The biggest contributor to the reduction of CO2 emissions is the EU, with a decrease of 5 percent. Germany’s share was the largest of the OECD countries with a decrease of 8 percent. The political momentum is on the side of Green parties which have seen solid growth over the years in most of the EU but especially in Germany. The energy transition in Europe’s largest economy, therefore, is just getting started. The Ministry of Economy has produced a draft […]