Despite this fall in coal reliance, the thinktank said, “most of the emissions cuts in 2023 are not sustainable from an industrial or climate policy perspective”.

Müller said: “The crisis-related slump in production weakens the German economy. If emissions are subsequently relocated abroad, then nothing has been achieved for the climate.”

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    To hit its climate targets, Germany needed a “barrage of investments” to modernise industry and reduce the carbon footprint from heating, Müller said.

    Hmmm decades of profits and they couldn’t afford to do it themselves without needing a barrage of investments?

    New solution, ban all dividends and payouts from companies until they invest in being clean.