Consequences of war could accelerate energy transition

According to a study, the consequences of the war in Ukraine could accelerate the energy transition in Germany. The green transformation could sometimes succeed more successfully than previously expected, although the Federal Government will initially have to rely more on coal in its quest for greater energy independence, an analysis by credit insurer Allianz Trade said on Sunday. „In the medium term, Germany’s ambitious targets are likely to increase the share of renewables in the electricity mix even beyond what would be needed to meet the Paris climate targets by 2035,“ said Milo Bogaerts, head of Allianz Trade in the Germany, Austria and Switzerland region.