In brief | 24 April '25
Reuters: German economy to flatline in 2025 as tariff turmoil hits, government says
The German government cut its economic growth forecast and now sees stagnation in 2025 instead of a 0.3% expansion as uncertainty from global trade disputes is set to hobble growth and dampen investment.
Nikkey: China's Xiaomi plans EV research centre in Germany
China's Xiaomi is planning a research and development centre in Munich, Germany, that will focus on electric vehicles.
Arup: UK-Germany joint report on the trade of hydrogen
As the respective hydrogen markets develop, there is a significant opportunity to establish pipeline-based hydrogen trade between these two countries.
Euractiv: State cash, not regulations will speed up energy transition, survey of company chiefs finds
Governments should: “provide incentives” for retraining oil workers, provide “financial incentives” for renewables, and boost “investment” in power grids, according to the three most popular responses.
FT: UK to announce final go-ahead for flagship carbon capture project
The UK government and Italian energy company Eni will announce on Thursday the final go-ahead for a 38-mile pipeline to gather carbon dioxide from industrial plants around Liverpool and Manchester and bury it offshore.
Bloomberg: Spain signals openness to keeping nuclear power plants open
While that’s not the plan agreed with nuclear plant operators, and it would be up to them to present concrete proposals, extensions are not ruled out, Environmental Transition Minister Sara Aagesen said in an interview.
Montel: France faces supply glut as demand stalls – EDF CEO
The French power system is facing a saturated grid as power demand fails to keep up with ambitious electrification targets, said outgoing EDF CEO Luc Remont.
Euronews: Who are the winners of Tesla's slump in Europe? Buyers are turning to these brands' EVs instead
Tesla’s dominance in Europe’s electric vehicle market is waning. The US carmaker saw sales drop 43 per cent year-on-year in early 2025. In Germany - its most critical European market - sales fell 70 per cent in February alone.
Climate Home News: US and Europe set for clash on what “energy security” means
While European politicians seek to strengthen the link between clean energy and security, Trump officials are expected to push for more gas at a key summit in London.
Bloomberg: World leaders from China to EU hold climate meeting without US
Heads of state and government leaders including Chinese President Xi Jinping and European Commission President Ursula von der Leyen took part in a two-hour virtual meeting aimed at returning focus to climate action in an increasingly challenging global context.
