Russwurm represents companies such as industrials giant Siemens Energy AG. “It is extremely annoying that we could find ourselves in a situation where we have to continue operating coal-fired power plants for longer because there is not enough other reserve capacity,“ German newswire DPA cited BDI lobby chief Siegfried Russwurm as saying. S&P 500 Trades Within a Whisker of All-Time High: Markets WrapĬhina Is Softening Stance on Gaming After $80 Billion RoutĮthiopia Fails to Pay Coupon, Becoming Latest African Defaulterīank of Russia Governor Says She Is Bracing for More Sanctions Goldman’s Painful 2023 Lesson on China Forces Rethink of Emerging Markets
(Bloomberg) - The head of Germany’s industry lobby said the government may fail to phase out coal-fired power plants ahead of schedule because it lacks a strategy to provide incentives for the construction of new gas stations.