{"id":78042,"date":"2023-06-15T01:00:22","date_gmt":"2023-06-15T01:00:22","guid":{"rendered":"https:\/\/enterpriseam.com\/climate\/2023\/06\/15\/germany-has-the-worlds-second-most-attractive-renewables-market\/"},"modified":"2023-06-15T01:00:22","modified_gmt":"2023-06-15T01:00:22","slug":"germany-has-the-worlds-second-most-attractive-renewables-market","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/climate\/2023\/06\/15\/germany-has-the-worlds-second-most-attractive-renewables-market\/","title":{"rendered":"Germany has the world\u2019s second most attractive renewables market"},"content":{"rendered":"<p><strong>Germany is now the second-most attractive renewables market in the world:<\/strong> For the first time since 2013, Germany has ascended to the global second place in investment attractiveness in the renewables sector, surpassing China and coming in behind world number one USA, <a href=\"https:\/\/www.reuters.com\/business\/energy\/germanys-photovoltaic-system-demand-set-double-digit-growth-this-year-lobby-says-2023-06-13\/\">Reuters<\/a> reports, citing this year\u2019s rankings of 40 countries by consultancy firm EY. Germany \u2014 which has a target to source 80% of its energy demands from net zero power sources \u2014 has upped its renewables production volume 5% since the start of 2022, and clean energy currently makes up 46% of Germany\u2019s energy mix, the EY report notes. The USA\u2019s passing of its USD 369 bn <a href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/3907e1bd-299f-46ad-8f42-7d0fead9dcc7\">Inflation Reduction Act climate bill<\/a> last year secured its place as the global leader in market attractiveness in the renewables sector, the reports finds.<\/p>\n<p><strong>OTHER STORIES WORTH KNOWING ABOUT THIS MORNING-<\/strong><\/p>\n<ul>\n<li><strong>The African Development Bank <\/strong>has provided a <strong>c.<\/strong> <strong>USD 49 mn<\/strong> <strong>grant <\/strong>to <strong>Tanzania<\/strong> to support its <strong>blue economy sector<\/strong>. (<a href=\"https:\/\/sp.spa.gov.sa\/viewstory.php?lang=ar&newsid=2461291\">Saudi Press Agency<\/a>)<\/li>\n<li><strong>Shares<\/strong> in <strong>Japanese carmaker Toyota<\/strong> are <strong>up 12%<\/strong> since the company\u2019s announcement of its <strong><a href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/317460fd-f5ba-44c9-b9e5-d1d5e2781bd8\">big EV plans<\/a><\/strong> on Monday, marking their biggest jump since 2020. (<a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2023-06-13\/toyota-braces-for-investor-admonition-over-evs-at-annual-meeting?srnd=green\">Bloomberg<\/a>)<\/li>\n<li><strong>Serbia<\/strong> launched a <strong>three-year program<\/strong> to <strong>issue tenders<\/strong> for the development of <strong>1 <\/strong><strong>GW<\/strong> of <strong>wind energy <\/strong>and <strong>300 MW solar energy<\/strong>. The first round of tenders is scheduled for the end of August. (<a href=\"https:\/\/www.reuters.com\/business\/energy\/serbia-launch-first-renewable-energy-auction-2023-06-14\/\">Reuters<\/a>)<\/li>\n<li><strong>UK universities<\/strong> and <strong>tech companies<\/strong> will receive <strong>GBP 4.3 mn in government <\/strong><strong>funding<\/strong> to develop a <strong>solar power satellite<\/strong> that can collect the sun's energy and <a href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/89a2bf46-61f1-484d-b5fd-46eac7b33f57\">transmit<\/a> it to Earth. (<a href=\"https:\/\/www.theguardian.com\/environment\/2023\/jun\/13\/uk-innovators-get-43m-to-develop-space-based-solar-power\">The Guardian<\/a>)<\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>Germany is now the second-most attractive renewables market in the world: For the first time since 2013, Germany has ascended to the global second place in investment attractiveness in the renewables sector, surpassing China and coming in behind world number one USA, Reuters reports, citing this year\u2019s rankings of 40 countries by consultancy firm EY. [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":78043,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[71],"tags":[70,69,11,172,88,210],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-78042","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-around-the-world","tag-around-the-world","tag-china","tag-enterpriseclimate","tag-germany","tag-renewables","tag-usa","wpautop","entry"],"acf":{"mongo_id":"a60a4ef5-5bba-4032-aa8b-29da762b82f1","is_powered_by":true,"story_type":"1","photo_url":"https:\/\/ent.news\/2023\/5\/1920.jpg","photo_position":"above","related_issue":[78018],"teaser":"","voice_url":""},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.1 (Yoast SEO v27.1.1) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Germany has the world\u2019s second most attractive renewables market - Climate<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/climate\/2023\/06\/15\/germany-has-the-worlds-second-most-attractive-renewables-market\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Germany has the world\u2019s second most attractive renewables market\" \/>\n<meta property=\"og:description\" content=\"Germany is now the second-most attractive renewables market in the world: For the first time since 2013, Germany has ascended to the global second place in investment attractiveness in the renewables sector, surpassing China and coming in behind world number one USA, Reuters reports, citing this year\u2019s rankings of 40 countries by consultancy firm EY. 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