US and Germany Strengthen Cooperation on Clean Energy Transition | Economic news

By FRANK JORDANS, Associated Press

BERLIN (AP) — The United States and Germany on Friday signed an agreement to deepen cooperation on switching from fossil fuels to renewable energy in a bid to curb climate change.

The agreement will see the two countries work together to develop and deploy technologies that will accelerate this clean energy transition, particularly in the area of ​​offshore wind power, zero-emission vehicles and hydrogen.

The United States and Germany also pledged to work together to promote ambitious climate policies and energy security around the world.

US climate envoy John Kerry said the two countries aim to reap the benefits of the clean energy transition early, through the creation of new jobs and business opportunities in the booming market. growth of renewable energy.

Political cartoons about world leaders

political cartoons

These markets depended on common standards on what hydrogen can be classified as “green”, for example. Officials will now work on a common definition to ensure that hydrogen produced on one side of the Atlantic can be sold on the other side.

German Energy and Climate Minister Robert Habeck said the deal reflected the urgency of tackling global warming. Scientists have said deep reductions in emissions must occur around the world in this decade if the targets set in the 2015 Paris climate agreement are to be met.

“Time is literally running out,” Habeck said, calling climate change “the challenge of our political generation.”

The US-German agreement was signed on the sidelines of a meeting of energy and climate ministers from the wealthy G7 countries.

The group was due to announce later on Friday a series of new commitments on tackling climate change, including a common goal for phasing out the burning of coal for electricity and increasing financial support to affected poor countries. by global warming.

Coal is a highly polluting fossil fuel that is responsible for a fifth of global man-made greenhouse gas emissions.

G-7 members Britain, France and Italy have set deadlines to stop burning coal for electricity within the next few years. Germany and Canada aim for 2030; Japan wants more time; while the Biden administration has set a goal to end the use of fossil fuels for electricity generation in the United States by 2035.

Setting a common deadline would put pressure on other big polluters to follow suit and build on the compromise agreement reached at last year’s UN climate summit, where nations are simply committed to ‘phasing down’ rather than ‘phasing out’ coal – with no fixed date.

Habeck said the issue could be deferred to the G-7 leaders’ summit in Elmau, Germany, next month, and then to the meeting later this year of the Group of 20 leading and emerging economies, which are responsible for 80% global broadcasts.

Getting all G20 countries to adhere to the ambitious targets set by some of the most advanced economies will be key, as countries like China, India and Indonesia remain heavily dependent on coal.

There is also pressure on rich countries to increase financial aid to poor countries ahead of this year’s UN climate meeting in Egypt. In particular, developing countries want a clear commitment that they will receive funds to deal with loss and damage suffered as a result of climate change.

Rich countries have resisted the idea for fear of being held responsible for costly disasters caused by global warming.

The Berlin meeting will also seek to reach agreements on phasing out combustion engine vehicles, increasing funding for biodiversity programs, protecting the oceans and reducing plastic pollution.

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