In brief | 11 September '24
EU Commission: State of the Energy Union Report 2024 shows EU progress
The EU has managed to withstand critical risks to its security of energy supply, regain control over the energy market and prices, and accelerate the transition towards climate neutrality.
Bloomberg: BMW recall and VW job threat deepen German industry crisis
- Luxury-car maker finds faulty brakes in 1.5 million vehicles
- VW confirms plan to end three decades of German job guarantees
Rystad Energy: German power sector’s recent rollercoaster is not over, but the long-term outlook is rosy
Rystad Energy projections show Germany will surpass its policy goal of 80% renewable energy generation by 2030, largely thanks to the rapid capacity build-up of solar and wind.
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