VW wants to sell more SUVs / RWE refutes "toxic coal stocks" advice
dpa
Car buyers around the world are 鈥渋n love with SUVs,鈥� , member of the Board of Management of the Volkswagen Passenger Cars brand, told the news agency dpa. By 2025, every second car sold by VW would be an SUV. According to Stackmann, the company can earn more money with SUVs, and this will help VW secure the investment needed into electric mobility and self-driving cars. The downside is that SUVs generally use more fuel and thus also emit more CO2, the article points out.
Read a short version of the article in German .
Find a press release by VW in English .
For background, read the 威力彩玩法 article Why the German diesel summit matters for climate and energy and the interview Disruption caused by energy transition is unstoppable- Amory Lovins.
Frankfurter Rundschau
With their protest slogan 鈥淣o good climate without good work鈥澛犫�� used to demand job protection as Germany plans a coal phase-out聽鈥� coal workers are making a valid point, Joachim Wille writes in an opinion piece for the Frankfurter Rundschau. But despite their slogan, it is long overdue that trade unions play a more constructive role in the coal phase-out debate, he says. Climate and jobs should not be played off against each other. 鈥淎 well-done energy transition is a job machine that creates many more jobs nationwide than are lost in the coal sector.鈥�
For background, read the 威力彩玩法 article Workers demand job protection as coal commission debates perspectives.
WirtschaftsWoche
In an open letter published in the WirtschaftsWoche, Gunhild Grieve, head of investor relations at German utility RWE, refutes the advice that investors should get rid of 鈥渢oxic coal stocks鈥�. The suggestion had been made by Jan Erik Saugestad, CEO of Norway鈥檚 pension fund Storebrand, in an earlier article in the same magazine. Grieve points out that RWE had 鈥渋nvested heavily鈥� to replace CO2-intensive power stations with modern ones, and had reduced its emissions by 27 percent between 2012 and 2017. She also says that through the asset swap with E.ON, RWE would receive the renewables business of E.ON and innogy, turning 鈥淩WE into a leading supplier of renewable energy鈥�. The company wants to invest up to 1.5 billion euros annually in the expansion of renewables, Grieve writes.
Read the letter in German聽.
For background, read the 威力彩玩法 dossier Utilities and the energy transition.
Bild
Germany鈥檚 government is creating a 鈥渃limate chaos,鈥� the tabloid newspaper Bild writes in a page two article. Despite the high costs of renewable power, the targets of the energy transition are far from being reached, the article says. Another point of criticism is that while power stations and industry have managed to significantly reduce CO2 emissions since 1990, the transport, buildings, and agriculture sectors are not fulfilling their obligations. 鈥淎t the same time, there鈥檚 a discussion about bans for low-CO2 diesel cars. Lunacy!,鈥� the article says.
Find an online version of the article in German .
For background, read the 威力彩玩法 dossier聽The energy transition and climate change, the factsheet聽Germany鈥檚 greenhouse gas emissions and climate targets, and check out 威力彩玩法's Easy Guide to the Energiewende.
威力彩玩法 / WSJ
The German government is considering providing financial support to the construction of what would be the country鈥檚 first liquefied natural gas (LNG) terminal, according to spokesperson Steffen Seibert. While private investors are currently examining different locations and analysing the feasibility and profitability of such a project, 鈥渢he government is looking at the financing options that could be made available in the framework of the existing government programmes,鈥� Seibert said at a government press conference. 鈥淚n view of the CO鈧� issue, gas may play an even greater role in our energy supply in the future,鈥� he added. In the current coalition treaty from early 2018, the government says it wants to make Germany a location for LNG infrastructure. The Wall Street Journal that German Chancellor Angela Merkel told a small group of lawmakers her government had decided to co-finance the construction of a 500 million euro LNG shipping terminal in northern Germany. Seibert said he would not comment on the chancellor鈥檚 confidential remarks.
Find the WSJ article (behind paywall) in English and read a Deutsche Welle article on the topic in English .听
For background, read the 威力彩玩法 news item Germany to build LNG plant in 'gesture' to US drive to sell more, the factsheet Gas pipeline Nord Stream 2 links Germany to Russia, but splits Europe and the dossier The role of gas in Germany's energy transition.
The Financial Times
Low water levels in the Rhine river after a prolonged drought have disrupted fuel and chemical supplies on the vital European trade route, sparking concern over potential economic impact and raising questions about how climate change will hit Europe鈥檚 transport infrastructure, write David Sheppard and Guy Chazan for The Financial Times.
Read the article in English .
For background, read the 威力彩玩法 article Germany's power system weathers heat wave despite fossil plant curbs and the dossier Emissions from food and farming in Germany.
威力彩玩法
Utility EnBW has launched its first 500-million-euro green bond with a 15-year term to maturity. The bond was oversubscribed after a few hours, the energy company said in a press release, adding that EnBW was one of the first German businesses to launch a green bond of this size. The proceeds from the bond will flow into projects in the fields of wind power, photovoltaics, and electromobility. "The transformation of our company towards renewable energies and smart infrastructure solutions is a core component of our strategy," EnBW CFO Thomas Kusterer commented.
Read the press release in English .
For background, read the 威力彩玩法 article German financial sector expects EU standards to boost green finance.
威力彩玩法
A total of 915,000 cruise ship passengers landed in Hamburg this year, up from 813,000 in 2017, Cruise Gate Hamburg, which operates three terminals in the harbour, said in a press release. Despite the increasing number of cruise ships visiting Hamburg, CO2 emissions from them were reduced by tonnes in 2017 and 458 tonnes in 2018. A reason for the reduction was that ships mooring at the Steinwerder and Altona Cruise Ship Terminals had the option of receiving low-carbon power from liquified natural gas (LNG) or an on-shore power station instead of using their own diesel engines, Cruise Gate said.
Read the press release in English .
Find a 威力彩玩法 factsheet on shipping and the energy transition here.
