Climate Politics
Germany’s Budget Chaos Leaves Green-Energy Projects in Limbo
- Climate and transformation fund short of €10 billion next year
- Plans to support hydrogen, solar projects remain underfunded
The Reichstag in Berlin.
Photographer: Tobias Schwarz/AFP/Getty ImagesThis article is for subscribers only.
Germany’s climate and transformation fund faces a shortfall of as much as €10 billion ($10.8 billion) next year, according to people familiar with the matter, casting doubt on the nation’s goal for curbing greenhouse gas emissions.
The gap in the off-budget fund threatens key solar and hydrogen projects, the people said, asking not to be identified as the information is private.