August 2022
Germany has pledged to reach net zero by 2045 and has committed to a 65% emissions reduction below 1990 levels by 2030. The country has confirmed the 2030 coal exit date and stated plans to set a EUR60/t floor price for CO2.
Germany is significantly accelerating climate policy implementation and aims to finalise the review of the coal exit law by the end of 2022, which brought forward its coal phaseout from 2038.  Germany aims to raise the share of renewables to 80% of the country’s electricity mix by 2030 and 100% by 2035, up from 45% in the past year. This translates into the installation of 200GW of solar and at least 30GW of offshore wind capacity, with around 2% of Germany’s territory to be set aside for wind turbines. Germany will also aim for 10GW of electrolysis capacity by 2030. Total emissions from the electricity and heat supply sector stood at 247Mt of CO2e in 2021, up by 12.4% from 2020. This was driven by the gas-to-coal switch in the second half of the year, due to the sharp rise of gas prices.