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Factbox: Energy policy goals of Germany's next government

FRANKFURT - The incoming German coalition government will tighten up and accelerate its climate protection efforts by launching far-reaching reforms to its funding and expanding of renewable energy, the coalition deal showed on Wednesday.

Factbox: Energy policy goals of Germany's next government

Final round of coalition talks in Berlin. Photo: Reuters

FRANKFURT - The incoming German coalition government will tighten up and accelerate its climate protection efforts by launching far-reaching reforms to its funding and expanding of renewable energy, the coalition deal showed on Wednesday.

Below are the most specific targets set out in the agreement:

- Germany expects gross electricity production of 680-750 terawatt hours in 2030, with 80% of that to come from renewables energy sources

- Germany pledges to significantly accelerate planning and approval procedures, which have been cited by the sector as a key hurdle to a faster renewables expansion

- Germany plans to expand photovoltaic capacity to around 200 gigawatts (GW) by 2030, from around 60 GW currently, with all suitable roofs to be used for the technology in the future

- 2% of Germany's land area is to be used for onshore wind power

- Targets offshore wind capacity of at least 30 GW by 2030, 40 GW by 2035 and 70 GW by 2045

- Half of Germany's heat supply is to be produced on a carbon neutral basis by 2030

- Targets faster phase out of coal power, ideally by 2030

- Targets 10 GW of electrolyser capacity by 2030 in hydrogen push

- To pay renewables support fee under the EEG scheme from budget, not consumer levies, from Jan. 1, 2023

- To ensure CO2 price won't fall below 60 euros/tonne in the long-term if EU can't agree on mininum price REUTERS

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