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ENBW ENERGIE BADEN-WÜRTTEMBERG AG

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Germany to raise 2030 CO2 emissions reduction target to 65% - Spiegel

05/05/2021 | 03:47am EDT

BERLIN, May 5 (Reuters) - Germany plans to raise its target for carbon emissions reduction by 2030 to 65% from 55%, German weekly Der Spiegel reported, citing government sources.

Under the new targets, Germany would aim for net zero emissions by 2045, five years earlier than initially planned, the magazine said on its website.

Last week, Germany's constitutional court said the government had failed to set out how it would bring carbon emissions down beyond 2030 to almost zero by 2050, and that this was unfairly burdening future generations.

Two sources told Reuters on Tuesday that Chancellor Angela Merkel expects a reform of Germany's climate change law to go to cabinet in the coming week. (Reporting by Maria Sheahan Editing by Riham Alkousaa)


© Reuters 2021
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ENBW ENERGIE BADEN-WÜRTTEMBERG AG 2.58% 79.6 Delayed Quote.38.57%
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Financials
Sales 2020 19 900 M 23 692 M 23 692 M
Net income 2020 596 M 710 M 710 M
Net Debt 2020 8 487 M 10 105 M 10 105 M
P/E ratio 2020 25,4x
Yield 2020 1,79%
Capitalization 21 560 M 25 688 M 25 669 M
EV / Sales 2019 1,06x
EV / Sales 2020 1,19x
Nbr of Employees 23 290
Free-Float 0,37%
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Managers and Directors
NameTitle
Frank Mastiaux Chairman-Management Board & CEO
Thomas Andreas Kusterer Chief Financial Officer
Lutz Peter Feldmann Chairman-Supervisory Board
Hans-Josef Zimmer Chief Technical Officer
Bernd-Michael Zinow Member-Supervisory Board
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