The German government is allocating €5 billion to help steel, cement, and chemical plants transition to cleaner technologies. This funding aims to reduce industrial carbon emissions by 50% over the next four years while keeping manufacturing jobs within the country. The program allows for investments in carbon capture and storage and is open to factories within the EU Emissions Trading System. This move comes alongside broader shifts in EU and US climate policy, including new restrictions on high-risk solar suppliers and delays in US wind project approvals.
