Energy News  
MILTECH
Germany says will reach NATO spending target by 2025
by AFP Staff Writers
Berlin (AFP) Dec 5, 2022

Germany will match NATO's target to spend two percent of GDP on defence by 2025, a government spokesman said on Monday, as Berlin looks to make up for years of underinvestment.

Germany was "determined to come as close to the two-percent target as possible with the options we have and to reach the two-percent target in this legislative period", ending in 2025, Chancellor Olaf Scholz's spokesman Steffen Hebestreit told a regular press conference.

Days after the Russian invasion of Ukraine, Scholz announced a 100-billion-euro ($106-billion) fund to beef up Germany's military defences and offset decades of chronic underfunding.

But the spending programme has struggled to get off the ground, as industry strains to keep up with demand and key purchase plans are held up.

"A balanced and resilient transatlantic partnership also requires that Germany and Europe play active roles," Scholz wrote in an article for Foreign Policy magazine published on Monday.

Germany would increase its investments to hit NATO's spending target and develop an army "that we and our allies can rely on", Scholz said.

However, the goal could not be reached "overnight", Hebestreit said.

There were "European regulations to observe", as well as procurement challenges that needed to be overcome, he said.

"We are in a market where there is a lot of demand, which significantly exceeds supply," leading to delays in delivery, he said.

Internal wrangling over how the money should be spent has also bogged down spending decisions.

The planned purchase of 35 US-made F-35 fighter jets was thrown into doubt on Sunday, as it emerged defence ministry officials had raised serious concerns.

The ministry pointed to potential "delays and additional costs" in the nearly 10-billion-euro project, according to a document seen by AFP.


Related Links
The latest in Military Technology for the 21st century at SpaceWar.com


Thanks for being here;
We need your help. The SpaceDaily news network continues to grow but revenues have never been harder to maintain.

With the rise of Ad Blockers, and Facebook - our traditional revenue sources via quality network advertising continues to decline. And unlike so many other news sites, we don't have a paywall - with those annoying usernames and passwords.

Our news coverage takes time and effort to publish 365 days a year.

If you find our news sites informative and useful then please consider becoming a regular supporter or for now make a one off contribution.
SpaceDaily Contributor
$5 Billed Once


credit card or paypal
SpaceDaily Monthly Supporter
$5 Billed Monthly


paypal only


MILTECH
EU fund makes first 1.2-bn euro defence investments
Brussels (AFP) Dec 5, 2022
The European Commission announced Monday the first 1.2 billion euros ($1.25 billion) in investments from the European Defence Fund to work on a variety of projects including next-generation fighter planes. The fund, created in 2019, boasts a budget of 7.9 billion euros for the 2021-2027 period, and is meant to support cooperation in EU defence production and development of military technologies. The European funds approved on Monday will support the "next generation of fighter aircraft, armoure ... read more

Comment using your Disqus, Facebook, Google or Twitter login.



Share this article via these popular social media networks
del.icio.usdel.icio.us DiggDigg RedditReddit GoogleGoogle

MILTECH
How the current Southwestern North American megadrought is affecting Earth's upper atmosphere

NASA responds to Independent Review of Earth System Observatory

NASA to cancel GeoCarb Mission, expands greenhouse gas portfolio

Sidus Space receives NOAA Tier 1 License

MILTECH
Navigating the sea from space with innovative technologies

KKR leads Series B funding round in AI leader Advanced Navigation

USU leads international space mission to shed new light on Brazil's vexing GPS problem

BeiDou making mark among navigation systems

MILTECH
Climate change supercharges threat from forest-eating bug

EU agrees ban on imports driving deforestation

Brazilian Amazon deforestation falls, but up 60% under Bolsonaro

Climate's toll on trees threatens the sound of music

MILTECH
To battle climate change, scientists tap into carbon-hungry microorganisms for clues

UK start-up behind algae-based packaging bids for Earthshot glory

NASA and industry advance jet engines and sustainable fuel compatibility

New project will design first Danish reactor for carbon negative hydrogen production from biogas

MILTECH
Sierra Space selected by Maxar to provide solar power solutions for constellation of proliferated LEO satellites

US says solar firms evading tariffs on China-made goods

Large band bending at SnS interface opens door for highly efficient thin-film solar cells

US green plan should be 'wake-up call' for EU industry: French minister

MILTECH
A healthy wind

Intelligent drones to make wind turbines far more efficient

Nine countries join alliance to boost offshore windpower

UAE, Egypt ink major wind energy deal on COP27 sidelines

MILTECH
Polluters' policies would see warming above 1.5C limit: analysis

UK government approves controversial new coal mine

Rich nations target $20 bn to wean Indonesia off coal

Mongolia sells more coal to China as world shuns polluting fuel

MILTECH
Students protest campus lockdown as China eases Covid curbs

China's ruling party lauds late leader Jiang Zemin as Hu reemerges

China's ruling party lauds late leader Jiang Zemin

China mourns former leader Jiang as funeral preparations begin









The content herein, unless otherwise known to be public domain, are Copyright 1995-2024 - Space Media Network. All websites are published in Australia and are solely subject to Australian law and governed by Fair Use principals for news reporting and research purposes. AFP, UPI and IANS news wire stories are copyright Agence France-Presse, United Press International and Indo-Asia News Service. ESA news reports are copyright European Space Agency. All NASA sourced material is public domain. Additional copyrights may apply in whole or part to other bona fide parties. All articles labeled "by Staff Writers" include reports supplied to Space Media Network by industry news wires, PR agencies, corporate press officers and the like. Such articles are individually curated and edited by Space Media Network staff on the basis of the report's information value to our industry and professional readership. Advertising does not imply endorsement, agreement or approval of any opinions, statements or information provided by Space Media Network on any Web page published or hosted by Space Media Network. General Data Protection Regulation (GDPR) Statement Our advertisers use various cookies and the like to deliver the best ad banner available at one time. All network advertising suppliers have GDPR policies (Legitimate Interest) that conform with EU regulations for data collection. By using our websites you consent to cookie based advertising. If you do not agree with this then you must stop using the websites from May 25, 2018. Privacy Statement. Additional information can be found here at About Us.