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Iranian state media: The fourth round of nuclear talks between Iran and the United States began in Oman.On May 11, French President Emmanuel Macron said on the 10th that France is discussing with the United Kingdom and Ukraine the possibility of deploying a European army to Ukraine, believing that this can be an additional measure to enhance "security guarantees" for Ukraine. Macron, German Chancellor Friedrich Merz, Polish Prime Minister Donald Tusk, and British Prime Minister Keir Starmer visited the Ukrainian capital of Kiev on the 10th and held a "coalition of the willing" summit with Ukrainian President Volodymyr Zelensky. The leaders of the five countries then spoke with US President Donald Trump on the phone about the ceasefire between Russia and Ukraine. Zelensky said that the summit sent a "very important signal."On May 11, according to a report released by the Indonesian Meteorological, Climate and Geophysical Agency, at 15:57 local time on May 11, a 6.2-magnitude earthquake occurred 21 kilometers southwest of Brumpidi Town, Aceh Special Region, Indonesia. The epicenter was located at 3.67 degrees north latitude and 96.86 degrees east longitude, with a focal depth of 45 kilometers. No tsunami risk is expected.Russian Ministry of Defense: Ukrainian troops made a total of five attempts to break through the border in the Kursk and Belgorod regions during the ceasefire.European Mediterranean Seismological Center: A magnitude 6.2 earthquake occurred in northern Sumatra, Indonesia.

According to research, the Ukraine conflict might hasten Germany's move to green energy

Haiden Holmes

Jul 18, 2022 10:58

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According to a study published on Sunday, the ramifications of the Ukraine conflict may hasten Germany's shift to green energy despite Berlin's desire to connect coal-fired power units to compensate for diminishing fossil fuel supplies from Russia.


The German government has pushed for a shift to renewable energy, with the target of 80 percent of the nation's electricity generation coming from renewables by 2030.


Credit insurer Allianz (ETR:ALVG) Trade's study revealed that Germany's green energy objectives were expected to increase the amount of renewable energies in the electrical mix in the medium term, even beyond what would be required to meet the 2035 Paris climate targets.


The research showed that the rise in coal-fired power output permitted by the German government earlier this month will not raise CO2 emissions in the European Union since production will be regulated by the EU emissions trading system.


According to the analysis, it is unlikely that coal will become a long-term substitute for Russian gas due to the high EU carbon trading prices.


"(Coal-fired power generation) will be forced off the market," said the study's author, Markus Zimmer.


Moreover, he added that the planning and approval procedures for renewable energy must be simplified and hastened in order to meet the objectives of the German government.


According to the analysis, Germany's expansion of renewable energy in the power sector would need annual expenditures of around 28 billion euros through 2035, and the sector would need approximately 440,000 employees from 2022 to 2035 to achieve the goals.

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