Habeck – funding for climate change – economy

Federal Minister of Economics Robert Habeck (Greens) sees Germany in a pioneering role in the transition to climate-friendly production. It’s about developing a marketable “green industry,” said Habeck. In addition, climate protection agreements for industry would be drawn up in the coming year. The state funding stimulates necessary innovations, supports companies in the conversion and helps to promote the use of hydrogen. According to the drafts, the minister now wants to advance the green industrial transition with a multi-billion dollar funding concept after the energy transition. For example, energy-intensive sectors such as steel, chemical or cement should initially convert their production to be climate-friendly. Climate protection agreements are to be concluded with the industry on the basis of the directive: those who make their production climate-friendly receive both money for investments and annual funds for the more expensive, green production with a 15-year contract between the state and the company. It is primarily about the use of hydrogen, which is intended to replace coking coal, oil or natural gas.

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