Germany Plans Investment-Incentive Push Worth Annual €6 Billion
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German Finance Minister Christian Lindner is planning a raft of measures designed to boost climate-friendly investments and competitiveness that the government estimates will ease the tax burden on companies and households by about €6 billion ($6.6 billion) a year.
The focus of the package of nearly 50 measures is on small and medium-sized businesses, according to a government paper distributed Wednesday. One of the main elements is a new subsidy mechanism for climate-friendly investments — part of the ruling coalition’s blueprint for government agreed in 2021 — to help companies speed the process of cutting emissions.