Germany will give billions of dollars in subsidies to its factories to achieve carbon neutrality 02:28

The agency says energy-intensive businesses in Germany could apply for tens of billions of euros in government subsidies over the next 15 years to become carbon neutral. DPA Citing Robert Habek, the country’s Minister for Economic Affairs and Climate Protection.

Businesses in the chemical, steel, glass, cement and paper industries can apply for subsidies. Such facilities have two months to pre-apply for so-called climate protection contracts with the federal government.

Then, companies have to submit a project for participation in the tender. The first will be held this year. According to Habek, “the most budgetary applications” will be given priority.

The DPA nevertheless noted that the project still requires final approval from Brussels and the necessary funds should be considered in the federal budget.

by agency ReutersThe total volume of state subsidies for “green” industries could reach 50 billion euros.

Formerly American Exxon suspicious Achieving carbon neutrality in the world by 2050. The oil company added that the International Energy Agency’s plan to phase out fossil fuels by 2050 is completely unrealistic. The thing is, the world continues to consume fuel and is not following the reduction scenario.

Source: Gazeta


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