Germany is now the second-most attractive renewables market in the world: For the first time since 2013, Germany has ascended to the global second place in investment attractiveness in the renewables sector, surpassing China and coming in behind world number one USA, Reuters reports, citing this year’s rankings of 40 countries by consultancy firm EY. Germany — which has a target to source 80% of its energy demands from net zero power sources — has upped its renewables production volume 5% since the start of 2022, and clean energy currently makes up 46% of Germany’s energy mix, the EY report notes. The USA’s passing of its USD 369 bn Inflation Reduction Act climate bill last year secured its place as the global leader in market attractiveness in the renewables sector, the reports finds.

OTHER STORIES WORTH KNOWING ABOUT THIS MORNING-

• The African Development Bank has provided a c. USD 49 mn grant to Tanzania to support its blue economy sector. (Saudi Press Agency)
• Shares in Japanese carmaker Toyota are up 12% since the company’s announcement of its big EV plans on Monday, marking their biggest jump since 2020. (Bloomberg)
• Serbia launched a three-year program to issue tenders for the development of 1 GW of wind energy and 300 MW solar energy. The first round of tenders is scheduled for the end of August. (Reuters)
• UK universities and tech companies will receive GBP 4.3 mn in government funding to develop a solar power satellite that can collect the sun's energy and transmit it to Earth. (The Guardian)