In brief | 28 March '25

Bloomberg: Porsche has nowhere to hide as Trump unleashes next tariff wave

While Mercedes and BMW have some flexibility due to factories in the US, Porsche has no plants in North America.

Bloomberg: German minister says Trump tariffs mustn’t weaken EU green goals

The European Union must resist pressure to weaken climate targets in order to aid carmakers after US President Donald Trump said he would slap a 25 percent tariff on auto imports, Germany’s outgoing environment minister Steffi Lemke said.

Reuters: TotalEnergies to invest in six German battery-storage projects

French oil major TotalEnergies said it would invest 160 million euros in six new battery storage projects in Germany to be commissioned next year.

FT: Germany’s Marvel Fusion raises €113mn as nuclear fusion race heats up

Fusion energy start-up Marvel Fusion has raised €113mn in new funding as Germany steps up its efforts to compete in the global race.

Reuters: EU targeting energy laws in drive to cut red tape, sources say

After publishing a first wave of so-called "simplification omnibus" proposals last month to pare back sustainability reporting rules, the Commission is now assessing ways to simplify EU energy policies, five sources with knowledge of the plans said.

Bloomberg: France proposes EU carbon market changes to boost stability

France has proposed fine-tuning the design of the European Union’s carbon markets to avoid high prices and volatility.

Reuters: European airlines will miss green jet fuel targets, CEOs warn

The EU's requirement for 6% of the jet fuel used by its airlines to be sustainable by 2030 is impossible to meet because of the cost and scarcity of green fuels, airline CEOs warned, in a statement the European Commission shrugged off.

The Guardian: Global anti-Elon Musk protests planned at nearly 200 Tesla showroom locations

Tesla Takedown’s Global Day of Action will be the largest in a series of demonstrations that began after Trump term 2.0.