Petra Sorge

Germany’s plan to create a €500 billion ($534 billion) infrastructure fund puts energy grids on track for a massive spending boost after years of underinvestment, part of a broader effort to revolutionize the country’s public finances and jumpstart the economy.

Germany’s economy needs reforms to improve growth potential and competitiveness, and mustn’t rely solely on higher spending to rescue it from years of stagnation, Bundesbank President Joachim Nagel said.

The European Central Bank isn’t lowering interest rates on autopilot, according to Governing Council Joachim Nagel, who declined to predict the outcome of next month’s policy meeting.

Today’s newsletter looks at a risky bargaining chip for Germany’s Green party as the country’s next chancellor needs them to agree on a plan for new defense spending. For unlimited access to climate and energy news, please subscribe.

Germany’s Environment Agency warned the incoming government against tossing out a ban on fossil-fuel heating systems, with the nation poised to narrowly miss its 2030 climate targets in the housing and transport sectors.

Germany’s new spending deal, which earmarks €100 billion ($109 billion) for climate projects, gave a jolt to green energy companies that could benefit from the wave of extra funding.

Private infrastructure investors are snatching up green bargains in what’s emerged as a buyer’s market for wind, solar and battery projects.

Green Investors Are Finding Bargains in Trump's Big Oil Era William Mathis and Petra Sorge 4 min read In this article:

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TenneT Holding B.V. is planning to restructure its balance sheet as it prepares to split its Dutch and German operations.