Energy transition and climate reporter @bloomberg in Berlin. 1. Prize @FJAwards in Environmental Journalism & 2. Prize in Civil Rights. Opinions are my own
Berlin, Deutschland
Joined November 2010
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First few days in @Bloomberg @business have been exciting already with fantastic colleagues. Now covering everything around #energy politics, from #gas crisis to slow #renewables push in Germany, so plz reach out with infos bloomberg.com/authors/AV7cfw…
Petra Sorge retweeted
German energy ministry dissolves key wind and solar division bloomberg.com/news/articles/… via @petrasorge
Petra Sorge retweeted
When Germany’s far-right party scored its best-ever result in a state election on Sunday, high energy prices played a part in the victory, writes @petrasorge bloomberg.com/news/newslette…
Petra Sorge retweeted
European natural gas prices just topped €70/MWh as LNG flows through Hormuz remain effectively shut 📈⚠️
🚢 Months of weaker LNG deliveries to Europe are complicating efforts to refill inventories before winter
👉 EU storage is ~64% full, compared to the 81% seasonal norm
RT @vonderleyen: Hungary has chosen Europe.
Europe has always chosen Hungary.
A country reclaims its European path.
The Union grows stro…
Petra Sorge retweeted
Die Berliner Staatsanwaltschaft hat ihr Ermittlungsverfahren wegen des Verdachts des gewerbsmäßigen Betrugs mit sogenannten UER-Zertifikaten eingestellt. bloomberg.com/news/articles/…
Petra Sorge retweeted
Germany looks to bolster energy security using defense exemption bloomberg.com/news/articles/… via @petrasorge @mcnienaber
Petra Sorge retweeted
CDU Reiche ist nicht einmal einen Monat im Amt und Bloomberg muss nachfragen, ob bei Gasspeicherfüllstand Rehden von nicht einmal 2% wieder mit einer Gaskrise gerechnet werden müsse.
Reiche will den für 1.11. vorgeschriebene Füllstände von 90% auf 80% bzw. 45% senken.
Kann man nicht bestreiten, dass die Klimabewegten jetzt Grund zum Feiern haben
👇
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 bloomberg.com/news/articles/… via @climate
As part of the deal, the nation’s climate neutrality goal 2045 will be anchored in the constitution, steel-proofing it against any possible efforts to jettison it by incoming far-right AfD lawmakers, who have rejected action on climate change.
“We have now given the CDU/CSU and SPD the opportunity to do the right thing,” said Greens‘ @katdro. “And we can only appeal to both parliamentary groups: Accept your responsibility. Do justice to climate protection.”
Petra Sorge retweeted
German agency warns against ending the ban on fossil fuel heating bloomberg.com/news/articles/… via @petrasorge
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 bloomberg.com/news/articles/… via @climate
Petra Sorge retweeted
Die Grünen sind zwar aus der Regierung abgewählt worden. Dieser Tage haben sie aber eine unvergleichliche Verhandlungsmacht. Nur mit ihrer Zustimmung kann Friedrich Merz die notwendige Zweidrittel-Mehrheit im Parlament für sein geplantes Schuldenpaket erreichen. Bislang haben sie den Plan jedoch abgelehnt. bloomberg.com/news/articles/…
Despite huge losses during #Germany's recent federal election, the #Green party is suddenly finding itself in a position of rare power in shaping a historic piece of legislation as members prepare to leave government bloomberg.com/news/newslette… via @climate
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 bloomberg.com/news/articles/… via @economics
Germany’s plan to create a €500 billion infrastructure fund puts energy grids on track for a massive spending boost after years of underinvestment bloomberg.com/news/articles/… via @markets
Germany will set up a €500 billion ($528 billion) fund as part of a sweeping policy overhaul to tackle urgently needed investments in defense, according to chancellor-in-waiting Friedrich Merz bloomberg.com/news/articles/… via @bpolitics @ArneDelfs
Petra Sorge retweeted
Quick service-post to the non-German-speakers on the substantial 🇩🇪defense & infrastructure package which the lead negotiators of the potential new 🇩🇪gvmt coalition of CDU/CSU and SPD @cducsubt @spdde, @_FriedrichMerz @larsklingbeil @EskenSaskia and @Markus_Soeder just announced:
1) all expenses in our defense budget above 1% of BIP will be exempted from our national debt brake. Hypothetical example: were NATO to decide that defense expenditures increase to 3%, then 3%-1% = 2% of BIP would be exempted. Current BIP = €4.400bn, so €88bn would be exempted. 1%, i.e. €44bn would still count towards our debt brake.
2) a special Infrastructure fund will be set up to fix our outdated infrastructure. It will be exempted from our debt brake - volume €500bn over 10 years
3) in addition, our 16 Federal states will receive an exemption from our debt brake of 0,35% of BIP - i.e. for this years‘ BIP that would amount to €4.400 * 0,35% = €15,4bn.
4) acceleration of planning and permissioning for new defense projects to allow rapid deployment of the new defense funds
5) establishment of an expert commission to make proposals for long-term reforms to our debt rules to incentivize more investments 👇
ardmediathek.de/video/phoeni…