Petra Sorge

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…

Germany looks to bolster energy security using defense exemption bloomberg.com/news/articles/… via @petrasorge @mcnienaber

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.

Blackrot.

Kann man nicht bestreiten, dass die Klimabewegten jetzt Grund zum Feiern haben 👇

“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.”

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.

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

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

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

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/phoenix-…

After last night's shocking way that #Zelensky got humiliated in the Oval Office, all eyes are now on Germany. But seeing the recent election results, there is a growing opposition to further support for Ukraine, especially among Easterners bloomberg.com/news/articles/… @martin_marilen

Book launch event in Berlin! My ⁦@business⁩ colleagues ⁦@WillWilkesNews⁩ and Chris Reiter have just published this book about Germany’s economic and political malaise - “Totally kaputt” piper.de/buecher/totall…

Germany's election results likely augur a shift in energy policy. But the new leaders must weigh lowering costs against the risks of boosting dependency on gas, write @carolynnlook and @petrasorge trib.al/1S0twmZ

Germany's election results likely augur a shift in energy policy. But the new leaders must weigh lowering costs against the risks of boosting dependency on gas, write @carolynnlook and me: bloomberg.com/news/newslette… via @markets

Bei Bloomberg @business sprach Minister @joergkukies u.a. über die finanzielle Situation der #Ukraine und die deutsche und europäische Unterstützung👇