EMISSIONS: Germany To Miss 2045 Climate Neutrality Target

Assurance and risk management company DNV expects Germany to fall short of its 2045 climate neutrality target, despite the country being on track to electrify nearly half of its energy demand by 2050, it said.

• Germany’s emissions are seen to fall by 89% by 2045 and by 95% by 2050 versus 1990 level, falling short of its 2045 climate neutrality target.
• Germany is expected to electrify 46% of energy demand by 2050, compared with 19% at present, amid rising carbon prices and declining cost of new technologies.
• Imports of coal and oil are expected to decrease by 99% and 79% respectively by 2050, and energy imports will drop from 70% to 27%.
• “Our investigation finds that Germany will miss this target, but by a narrow margin. Overall, we forecast that Germany will achieve a very much more sustainable energy system,” Remi Eriksen, CEO of DNV, said.