AGP Executive Report
Last update: 11 hours agoFossil-fuel exit roadmap: UN chief António Guterres urged countries to publish firm plans to quit fossil fuels, praising Germany’s new roadmap to phase out fossil fuels by 2045. Industrial decarbonisation: Jacobs will keep coordinating design, logistics and construction for Thyssenkrupp’s €3bn “hydrogen-capable” direct-reduction steel plant in Duisburg, after hydrogen supply assumptions shifted and gas fallback entered the picture. Offshore wind deal: Skyborn Renewables signed a power purchase agreement for the 110.7 MW Nordergründe offshore wind farm in Germany, with InCommodities taking offtake and guarantees of origin. Air pollution health: A multi-city study linked short-term PM2.5 spikes to more nighttime coughing, including at relatively low pollution levels, adding pressure for cleaner air. German business backdrop: Ifo reported German business morale rising to its highest level since May 2023, as energy-price shock effects appear to be easing. Energy policy context: Germany also moved to cut fuel taxes amid soaring costs, while Brussels warned EU transport fuel bills rose sharply during the Iran war.
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