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#REINVEST2020 Programme: Session Details


Friday, 27 Nov, 2020 1800 - 1900 IST Virtual Session Coordinators

Country Session: Germany

Mr Aseem Kumar, Director (IR)
aseemk201-cgo@gov.in
Ms Renuka Singh
renuka.singh@cii.in

By law Germany aims to become officially greenhouse gas neutral by 2050. The Federal Government of Germany has set ambitious decarbonisation targets of cutting emissions by at least 55 percent until 2030 compared to 1990 levels. This is in line with the European emission reduction plans.

Germanys emission reduction targets are even more ambitious given the fact that in parallel nuclear energy must be completely phased-out until end of 2022. All coal fired power plants must be shut down by 2038 latest. 

Emission reduction goals are mainly being achieved by expanding renewable energies for electricity and heating, energy efficiency measures and increasing introduction of electric vehicles. Moving towards a highly electrified energy system, the offshore wind targets have recently been increased to 20 GW by 2030 and 40 GW by 2040. Today Germany has almost 8 GW of offshore wind capacities installed. 128 GW of Renewables without counting large hydro power plants have been installed so far. Around 2,5 solar panels per German citizen have been installed. While the country is aiming for minimum 65% of the electricity to come from Renewables by 2030, it already has achieved more than 50% of power coming from Renewables during the year 2020. 10 years ago it was less than 20%. 20 years ago, it was 6% only. Immense learnings where made especially regarding Renewable Energy grid integration. Despite all success, huge challenges lay ahead in the heating sector, where renewables account for 14,5% and in the transport sector with 5,6% renewables only so far. But the disruption in the transport sector is accelerating at a high speed. New electric vehicle sales are doubling the second year in a row already. In October 2020 nearly 1 out of 10 cars being purchased in Germany already was electric.

A newly introduced component in Germany’s decarbonization strategy is Green Hydrogen. This year the “National Hydrogen Strategy” was launched with ambitious goals for developing a hydrogen economy. Hydrogen also plays an important part in Germanys green recovery stimulus package as an answer to the effects on the economy due to Covid-19. “[...] We cannot simply adopt a stimulus package that seeks to preserve the status quo. We need a package that is designed for the future.” said Dr. Angela Merkel, Hon’ble Chancellor of Germany. Investment grants of around 45 bn USD will now be channelled into sustainable mobility, energy transition, digitalisation, public health and research and education projects. 

It is now and of most importance to Germany to share its experiences with other nations to accelerate the worldwide learning curve. Germany is delighted to actively participate in RE-Invest 2020 and is looking forward to fruitful discussions and new green investment opportunities being developed.
 

Quote from Germany
“[...] We cannot simply adopt a stimulus package that seeks to preserve the status quo. We need a package that is designed for the future.”

Dr. Angela Merkel
Hon’ble Chancellor of Germany

Indu Shekhar Chaturvedi

Indu Shekhar Chaturvedi

Secretary
Ministry of New & Renewable Energy

Abhay Bakre

Abhay Bakre

Director General
Bureau of Energy Efficiency

Dinesh Jagdale

Dinesh Jagdale

Joint Secretary
MINISTRY OF NEW AND RENEWABLE ENERGY

Eicke R. Weber

Eicke R. Weber

President
European Solar Manufacturing Council (ESMC)

Philipp Stammler

Philipp Stammler

Head of the Divison
Federal Ministry for Economic Affairs and Energy

Thorsten Herdan

Thorsten Herdan

Director General
Federal Ministry for Economic Affairs and Energy

Tobias Winter

Tobias Winter

Director
Indo-German Energy Forum

Winfried Damm

Winfried Damm

Head of Energy
GIZ