European Commission greenlights major German climate aid scheme
European Commission has approved a €5 billion (~$5.4 billion) German scheme to help ETS-covered industries decarbonise using technologies like hydrogen, CCS, CCU, and electrification. Projects must cut emissions by 60 per cent in three years and 90 per cent by completion. Selected through competitive bidding, aid will be delivered via 15-year Climate Protection Contracts.
European Commission has approved a €5 billion (~$5.4 billion) German scheme to help ETS-covered industries decarbonise using technologies like hydrogen, CCS, CCU, and electrification.
Projects must cut emissions by 60 per cent in three years and 90 per cent by completion.
Selected through competitive bidding, aid will be delivered via 15-year Climate Protection Contracts.
