Germany to phase out oil and gas heating systems by 2024.

The German government has voted to ban most oil and gas heating boilers in new and old buildings from 2024, with exemptions for certain households. The ruling coalition has decided that nearly all new heating systems should run on 65% renewable energy. However, industry associations and the German public disagree with the planned ban, citing concerns over rising heating prices and the financial challenge of ditching oil and gas boilers too soon. The switch to renewables for heating could cost Germans around $10 billion every year until 2028.