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Allianz Trade

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Germany launches $53 bln scheme to help stricken industry decarbonise

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Germany is launching a programme that will make available tens of billions of euros for firms facing substantial energy costs, in a bid to help its challenged industrial sector fund a shift towards carbon-neutral production techniques.
The so-called climate protection contracts are a major pillar of Germany's response to these challenges, hoping financial support can help makers of steel, cement, paper and chemicals to decarbonise their production.
Companies have two months to express interest in the programme, aimed at fulfilling Germany's pledge to become carbon neutral by 2045, before an auction process starts.

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17 more agrees trigger contact with the recipient

  • Gorffly mokua

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    48 w

    This is wonderful!

    • Videlis Eddie

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      55 w

      Amazing news

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      • Peter Kamau

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        57 w

        Great news!This is enough proof that Germany is on the fastest track to meeting its Net Zero goals.

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        • Rukia Ahmed Abdi

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          57 w

          incredible investment by Germany

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          • Joseph Githinji

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            57 w

            This is a great investment

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            • Tabitha Kimani

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              57 w

              Investment towards decarbonizing is really inspiring hope.

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              • johnte ndeto

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                57 w

                Wow great news

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                • Kevin

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                  57 w

                  This is uplifting news

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                  • Komu Daniel

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                    57 w

                    amazing news

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                    • Hilda Wangui

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                      57 w

                      Encouraging news to support the pollutants of the environment to reduce their pollution.

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