Here is a sense of what is coming from the new German coalition:
- To abolish gas storage surcharge
- Agrees to abolish tax and grid fees by at least 5 cents per kw/h
- To introduce incentives to build up to 20 gw of gas power capacity by 2030
- To examine possible reactivation of some nuclear power plants
- To abolish controversial heating law
- Aims for medium-term free trade agreement with US, reduction in import tariffs on both sides of Atlantic
- Plans to cut corporation tax by 1% a year for five years from 2028
I don’t see any big surprises here but there is a big pivot on energy policy underway.
This article was written by Adam Button at www.forexlive.com.
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