Fossil fuel era ending – Scholz ...News

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Fossil fuel era ending – Scholz
Despite ambitious plans to phase out Russian gas, the EU increased purchases in 2023, Reuters reported earlier this month The predominance of fossil fuels in global energy output is nearing its end, German Chancellor Olaf Scholz has claimed, adding that his country aims to produce 80% of its electricity from renewable sources by 2030. German industry had for decades relied on relatively inexpensive Russian gas, and to a lesser extent oil. However, following the start of the Ukraine conflict in February 2022, energy imports from Moscow fell dramatically, adversely affecting the competitiveness of many German busine

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