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of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
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Free AccessMNI BRIEF: Japan Q3 GDP To Be Slightly Revised Down
Germany to Rely on Fossil-Fuel Cuts to Meet Emissions Targets
Germany's power sector has cut fossil-fuel output by 19% on the year in 1H 2024, compared to a 2.1% rise in renewables – which indicates that firms are mainly relying on cuts from fossil fuels to progress their energy transition goals, according to XM.
- German power sector emissions dropped to 70mn metric tons of CO2 in the first 5 months of 2024 from 88mn tons in the same period in 2023 due to these fossil fuel cuts.
- If Germany's manufacturing and industrial activity pick up, power needs may increase, leading to pressure on suppliers to raise fossil fuel output to meet demand.
- And utilities have been unable to offset all the cuts to fossil fuel use – despite renewables making up a record share in 1H 2024- with growth from renewable energy sources, especially after Germany shut its national nuclear reactor fleet in April 2023.
- The build-out of an entire renewable system may take several more years. Until then, further periods of renewable.
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Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.