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https://www.kallanish.com/en/news/steel/market-reports/article-details/vietnamese-hrc-market-tumbles-to-2020-lows-0722/

18 Jul 2022

German Chancellor Olaf Scholz says a decision to fire up coal and oil power plants again — to cushion the impact of energy shortages because of Russia's war in Ukraine — is only temporary.

In a video message released on Saturday, Chancellor Olaf Scholz said Berlin's decision to reactivate oil and coal-fired power plants was only temporary and that his government would stick to its commitments on climate goals.

Germany is bringing the fossil fuel power plants back onto the grid to make up for an expected shortfall because of cuts in natural gas supplies from Russia amid the war in Ukraine.

What did Scholz say?

In the video message, the chancellor expressed regret that Germany is set to fire up 16 dormant fossil fuel power plants and extend the operating permission for 11 more.

"The fact that we now have to temporarily use some power plants that we have already taken out of operation because of Russia's brutal attack on Ukraine is bitter. But it is only for a very short time," Scholz said.

"We are just getting started now," he said, "and we want to do everything we can now to combat the climate crisis."

The chancellor said his government would take measures to ensure the expansion of renewable energies to help shape an industrial future without CO2 emissions by 2045.

"Germany is one of the most successful industrialized countries, and nowadays that means we also have a lot of CO2 emissions," Scholz said. "That's why we have to make a special effort, and we are making an effort."

Scholz said the goal was for Germany to be one of the first countries to be CO2-neutral and, at the same time, globally competitive.