0 shares Share 0 Tweet 0 Pin 0 Share 0 German Economy Minister Rober Habeck plans to offer companies in energy-demanding industries like chemicals and steel 15-year subsidy contracts if they reduce carbon emissions in their production. This means …

German Economy Minister Rober Habeck plans to offer companies in energy-demanding industries like chemicals and steel 15-year subsidy contracts if they reduce carbon emissions in their production. 

This means the companies which can prove they are reducing emissions in their production will qualify for upfront investment and annual funding. 

According to Reuters, this program, called “Carbon for Difference” aims to persuade these industries to switch from coal, oil, and natural gas to hydrogen.
"Climate protection contracts therefore not only lead to a reduction in emissions from the subsidized industry," Habeck's document read. "They also provide an incentive for the technologies and infrastructure required for this to be developed and implemented in Germany now."

The price of conventional production is rising due to higher and higher carbon pollution payments. 

This way the state will be reimbursed by companies if their carbon costs rise above the initially more expensive carbon-free production methods. 

Perhaps these carbon subsidies are the missing piece in the country’s efforts to divert its industry and energy sectors towards more sustainable sources. 

Carbon emissions aside, Germany has been looking for ways to make its economy less dependent on Russian fossil fuels since the beginning of the Russo-Ukraine war. 

Highlights • 10 years of writing and editing experience Obsessed with home decor trends, plant parenting, cleaning, and other lifestyle topics. • Expertise in content marketing and email strategy for brands and small businesses About Nikola Gemeš Nikola Gemeš, an electrical engineer turned sustainability consultant, bridges the gap between complex environmental concepts and GreenCitizen readers with his well-researched, accurate content. His commitment to sustainability extends from his professional life to personal practices of recycling and home-grown food. An adventurer at heart, Nikola enjoys hiking, white-water sports, and pocket knife collecting. At Green Citizen, he's instrumental in presenting the best sustainable brands, aiding well-informed decision-making. He firmly believes in the collective power of individuals, experts, businesses, and governments to foster a world where sustainability, life quality, economic prosperity, diversity, mental health, and gender equality are core values. Experience Nikola Gemeš has a rich and diverse background in electrical engineering, which he utilizes to break down complex sustainability topics for his readers. His unique blend of technical knowledge and communicative skills has made him a crucial part of GreenCitizen. Nikola's experience has honed his ability to navigate through intricate data and research, ensuring the content he delivers is both accurate and reliable. His passion for educating and informing is palpable in the impact he has made on Green Citizen's readership. Outside of his professional endeavors, Nikola is deeply committed to environmental conservation in his personal life. This commitment is reflected in his everyday activities, from recycling to cultivating his own food. His hands-on approach to sustainability gives him a first-hand understanding of practical conservation efforts, further enriching the content he produces. These personal experiences often seep into his work, making it relatable and engaging for readers. Nikola's key role extends to assessing and presenting sustainable brands to his audience. His comprehensive grasp of sustainability allows him to critically evaluate and offer the best environmentally-friendly options available on the market. He aids readers in making informed decisions that have a positive impact on both their lives and the environment. His belief in collective efforts towards a sustainable world is evident in his work, as he consistently promotes values of quality life, economic prosperity, diversity, mental health, and gender equality.

Subscribe to
our newsletter