Germany's "traffic light" coalition greenlights a new Energiewende

After two months of negotiations, Germany’s incoming coalition partners have agreed on a governing deal. The energy transition agenda of the incoming government is anything but underwhelming. From ambitious renewable energy targets to accelerated coal phase-out to a power market overhaul, there is a clear intent for climate action sooner than later. How realistic are these plans, and what do they mean for the future of Germany’s energy markets? Wood Mackenzie weighs in.