Climate Politics
Germany Scraps €350 Million in Subsidies for Hydrogen Projects
- Economy Ministry fails to agree on terms with EU Commission
- The move puts 2030 hydrogen-output target at even greater risk
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Germany abandoned plans to funnel €350 million ($368 million) into hydrogen projects, putting clean-fuel goals even further from reach.
The funding had been available through a European Hydrogen Bank program allowing the use of national subsidies to get the industry off the ground. But the European Commission and Germany failed to agree on terms, meaning the money will now go to other green projects or flow back into the federal budget.