Climate Politics
Clean Tech Stocks Rise as Germany Marks €100 Billion for Climate
The new fund is specified for additional projects and should help the nation achieve its climate neutrality goal by 2045.
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Germany’s new spending deal, which earmarks €100 billion ($109 billion) for climate projects, gave a jolt to green energy companies that could benefit from the wave of extra funding.
Shares of German wind turbine maker Nordex SE soared as much as 10%, while Vestas Wind Systems A/S rose as high as 6.3%. Siemens Energy AG, which makes critical grid equipment as well as wind turbines, gained as much as 5.1%.