Germany Implements Mandatory Energy Savings Measures and Slashes Electricity Tax to Boost Heat Pump Uptake

Germany has passed a new law, The Energy Efficiency Act, which makes energy savings measures mandatory across all economic sectors, including public buildings, industry, and data centers. The aim is to reduce energy consumption by 26.5% by 2030 compared to 2008. While the law requires companies to develop energy-saving plans, it does not include binding measures. Germany's aggressive green initiatives also include a goal for renewable energy to generate over 50% of the country's electricity this year, with a target of 80% by 2030. However, there are concerns that Germany may not reach its emissions reduction target of 65% by 2030 compared to 1990.