In brief | 7 March '25
Politico: Germany’s Merz has 2 weeks to deliver historic spending revolution
Losing faith in Washington as a military ally, Berlin wants to rip up the old fiscal orthodoxy. But it’s now a race against the clock.
DW: Peruvian farmer heads to Germany for legal battle with RWE
Saul Luciano Lliuya wants one of the world's major polluters to help offset the cost climate change will have on his village. Energy giant RWE has said it doesn't understand why it is being singled out.
Reuters: Grid firm TenneT open to German state involvement with €200 billion spending plan
- German state may invest in TenneT amid €200 billion spending plan
- TenneT seeks private investors or IPO for German operations
- Concerns over waning support for grid infrastructure due to high energy costs
Bloomberg: Worst German bond rout since 1990 prompts selloff around world
German bonds extended their rout, with debt markets around the world sliding in the wake of Berlin’s historic plan to unlock hundreds of billions of euros for defence and infrastructure.
E.ON: Europe can save over one trillion euros on the way to climate neutrality
Europe can become climate neutral by 2050 through optimised resource use and targeted measures, saving around 1.5 trillion euros.
dpa: German government extends control over Rosneft subsidiaries
The German government will retain control over the local units of the Russian state-owned company Rosneft, including a major oil refinery in the north-eastern German town of Schwedt.
S&P Global: Climate costs are rising, but few companies have an adaptation plan
Even under a medium climate change scenario, major companies face trillions of dollars in climate-related financial costs. Yet relatively few are creating climate adaptation plans to soften the blow.
BloombergNEF: Europe’s new emissions trading system expected to have world’s highest carbon price in 2030 at €149
BloombergNEF’s EU ETS II Market Outlook forecasts that carbon prices could surge to €149 per metric ton by 2030 as a result of the introduction of the ETS 2 for transport and buildings.
