Energy Transition
Germany Issues First Tenders for Climate Protection Contracts
The initiative sees the German government putting up to EUR four billion into the raw materials industry – with more to come.
Mar 13, 2024
Companies can apply for support of up to EUR one billion over 15 years. Applications will be evaluated on cost-benefit of the lowest amounts requested with the greatest positive climate effects.
The tenders are particularly aimed at supporting the development of a green hydrogen economy.
“Today is a good day for Germany as a location for industry, for climate protection and for sustainable jobs in our country,” said Minister for Economic Affairs and Climate Action Robert Habeck in a statement.
Moreover, a second round of tenders is scheduled to begin this year. It will take the total volume of state support above EUR 10 billion.
