From Breakingviews - Germany’s electricity headache has an M&A cure
20 billion euros on the Teutonic assets of Dutch group TenneT. Sorting out a rickety power grid is an especially pressing issue in Germany, but luckily Scholz also has the means to act.
Cutting carbon emissions means powering more cars and homes through zero-carbon electricity rather than fossil fuels. But the underlying infrastructure needs major upgrades to handle the extra demand. The International Energy Agency that investment in electricity grids needs to average nearly $600 billion a year to 2030 – double the level it stood at from 2015 to 2021.problems
that may become more common as the energy transition proceeds. It has to transport electricity all the way from wind turbines in the northern regions to its southern industrial heartland, which means the power network is often overloaded.
. But whether they’re public or private, grids are heavily regulated. Households end up paying for investment costs either way, either through taxes or bills, which means the ownership can be a red herring.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Breakingviews - China gives itself easy GDP homeworkChina aims to grow GDP by “around 5%” in 2023, which might seem low given last year’s 3% marked the country’s weakest performance in decades. But in aggregate the collection of speeches and policy documents fired out on Sunday list serious problems to which Beijing offers only aspirational solutions.
Read more »
Germany’s Scholz: ‘consequences’ if China sends arms to RussiaGerman Chancellor Olaf Scholz says there would be 'consequences' if China sent weapons to Russia for Moscow's war in Ukraine, but he's fairly optimistic that Beijing will refrain from doing so.
Read more »
German Chancellor Scholz says there would be ‘consequences’ if China sends arms to RussiaGerman Chancellor Olaf Scholz says there would be “consequences” if China sent weapons to Russia for Moscow’s war in Ukraine, but he’s fairly optimistic that Beijing will refrain from doing so.
Read more »
90 years ago, the father of Chicago’s political machine died after being struck by an assassin’s bullet intended for FDRFDR survived an assassination attempt in Miami to dramatically remake the federal government. But Chicago Mayor Anton Cermak was badly wounded in the incident and died a few weeks later, on March 6, 1933.
Read more »