🧵 1. Germany plans to invest $63 billion in green energy by 2024, a 60% increase, aiming for net-zero emissions and boosting industry decarbonization. #world
🧵 1. Germany plans to invest $63 billion in green energy by 2024, a 60% increase, aiming for net-zero emissions and boosting industry decarbonization. #world
🧵 2. To accelerate its energy transition, Germany's cabinet approves $233 billion for the Climate and Transformation Fund from 2024 to 2027.
🧵 3. The fund will support hydrogen strategies, energy efficiency, and building efficiency. It was created to aid in Germany's green investments and the energy transition.
🧵 4. Germany votes to ban most oil and gas heating systems in new buildings from 2024, aiming to cut emissions. However, public support for the ban remains low.
🧵 5. Amid inflation concerns, the German ruling coalition is divided on raising the domestic carbon price, which could be impacted by rising energy costs.
🧵 Read more at: https://www.zerohedge.com/economics/germany-plans-63-billion-green-energy-investments-2024