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German Climate Goals Need ‘Massive’ Cut in Industry CO2 by 2030

  • Draft law targets steep reductions in greenhouse-gas emissions
  • Legislation to be signed off by Merkel’s cabinet on Wednesday
Steel Manufacture At Thyssenkrupp AG Metals Plant
Photographer: Krisztian Bocsi/Bloomberg
Updated on

German industry will need to swiftly implement a “massive” reduction in greenhouse-gas emissions to conform with targets in the ruling coalition’s new climate protection law.

According to a draft seen by Bloomberg, industry will need to cut annual CO2 emissions to 118 million tons by 2030, from 186 million tons last year, as Germany seeks to achieve carbon neutrality by 2045. The energy sector’s target is even more ambitious, with a requirement to slash emissions to 108 million tons from 280 million tons.