Germany Starts Auction For Green Industry Worth Up to €4 Billion.

Germany is launching a program to provide up to €4 billion in funding to help heavy industrial producers transition to green technologies. The program, called "climate protection contracts," will compensate companies in sectors like steel, cement, and glass for the additional expenses of using clean technologies. Germany aims to reduce carbon emissions by two-thirds by 2030 and achieve climate neutrality by 2045. The European Union has approved the funding plans, which aim to remove around 350 million tons of CO2 from sectors such as steel, cement, paper, and glass. [Extracted from the article]