Germany Lines Up €50 Billion to Help Heavy Industry Go Green

Wed, 19 Jul 2023 12:28:35 +1000

Andrew Pam <xanni [at] glasswings.com.au>

Andrew Pam
https://archive.md/z3jC9

"Germany plans to help energy-intensive manufacturers transition to
climate-neutral technologies with roughly €50 billion ($53.4 billion) in
subsidies.

The program, which still needs European Union approval, would run over 15 years
and be open for companies with at least 10 kilotons of carbon emissions
annually. That would include manufacturers in the steel, chemicals, cement,
paper and glass sectors.

“We are targeting the most emitting companies,” Economy Minister Robert Habeck
said Monday at a press conference. From the initiative, the government expects
a reduction of 350 million tons by 2045 — a third of the industry’s goal."

Via Future Crunch:
<https://futurecrunch.com/goodnews-stunting-ocean-australia-wind-solar-europe/>

Cheers,
       *** Xanni ***
--
mailto:xanni@xanadu.net               Andrew Pam
http://xanadu.com.au/                 Chief Scientist, Xanadu
https://glasswings.com.au/            Partner, Glass Wings
https://sericyb.com.au/               Manager, Serious Cybernetics

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