The World Economic Forum Annual Meeting is underway in Davos, Switzerland. German Chancellor Olaf Scholz addressed the meeting, explaining that the Russian invasion of Ukraine sped up the journey towards a climate-neutral Europe and Germany.
“Germany wants to be climate-neutral by 2045 while remaining a strong industrial country,” he said. “But we cannot ensure a climate-neutral future by going it alone. That’s why exchange at the World Economic Forum in Davos is so important.”
In his speech, Scholz referenced Germany’s new liquefied natural gas (LNG) infrastructure, which demonstrates that Germany can act quickly and efficiently in finding solutions for cleaner energy that are better than fossil fuels.
The Chancellor also highlighted Germany’s long-term goals. By the year 2030, 80 percent of Germany’s electricity production will come from renewable sources, Scholz said. This is double what it is today.
“Whether business leader, climate activist or security policy specialist, it is crystal-clear to all of us that the future belongs to renewables. For cost reasons, for environmental reasons, for security reasons – and because they promise better returns,” he said.
In other news, Germany has a new defense minister, Boris Pistorius! Meanwhile, Germany said it will deliver 40 Marder vehicles and one Patriot system to Ukraine in the coming weeks, and Foreign Minister Annalena Baerbock visited the East Ukrainian city of Kharkiv this month. Read more about these topics and more in this week’s newsletter.
The "Germany for Americans" Team