Germany’s Green Transition: Will It Continue?
Russia is confronted with a new challenge: The global carbon neutrality transition sends the country’s export markets for coal, oil and likely even natural gas on a long-term decline. This is at least going to happen, if most bigger economies stay committed to the Paris Climate Agreement of 2015 with its target of limiting the temperature increase to well below 2°C, striving for 1.5°C. Between 2015 and 2019, according to a recent study, 64 countries worldwide have already reduced their CO2 emissions, amongst them Germany and the EU as a whole. But how likely is this development to continue? The EU and Germany are often portrayed as leading the global green transformation. Oldag Caspar looks at their transition in order to add clarity on where the world is heading.