Olaf Schultz succeeds Angela Merkel as Chancellor of Germany

German Chancellor Angela Merkel (right) and German Finance Minister Olaf Schultz attend a cabinet meeting at the German Chancellery on August 19, 2020 in Berlin, Germany.

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After nearly two months of negotiations after the German federal election in September, Germany announced an alliance agreement.

The center-left Social Democratic candidate Olaf Scholz will become the next chancellor of Germany, succeeding Angela Merkel, who has led Germany for 16 years.

According to the deal announced Wednesday afternoon, the pro-business Liberal Democratic Party leader Christian Lindner will become the next Treasury Secretary. The co-leaders of the Green Party, Annalena Baerbock and Robert Habeck, are preparing to serve as Ministers of Foreign Affairs and Ministers of Economy and Climate, respectively.

After the German general election on September 26, 2021, after the estimates were broadcast in Berlin, Olaf Scholz waved on the stage at the headquarters of the Social Democratic Party (SPD).

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The draft alliance agreement covers a wide range of climate policies-including plans to adopt a climate protection plan by the end of 2022, use all suitable rooftops for solar power generation, and align the expansion of its power network with new renewable energy goals. Reuters reported that immigrants should be eligible to apply for German citizenship after five years in the country.

The new coalition said it would initiate a parliamentary investigation into the withdrawal from Afghanistan. It also stated that once the coal withdrawal is achieved, Germany will stop funding renewable energy.

Germany will try to use 2% of its land area for wind power infrastructure and will continue to exclude nuclear power from its energy structure. This policy is different from that of its neighboring country, France.

The agreement is the result of several weeks of joint negotiations between the Social Democratic Party, the Green Party and the Liberal Democratic Party. They will govern together for the first time in the form of a tripartite alliance.

The alliance is described as a “traffic light” alliance that refers to the traditional colors of all parties.

The two parties vowed to modernize Germany, Europe’s largest economy, and prioritize its transformation into a greener and more digital economy and infrastructure investment.

German companies are eager to understand the practical significance of this transformation for them in terms of energy prices and business costs.

The outgoing leader Angela Merkel’s conservative coalition, the Christian Democratic Union and the Christian Social Union, will now face opposition.

—This is a breaking news story, please check for further updates.

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