Germany allocates funding for industrial transformation


Germany – Between now and 2026, the German government has allocated EUR 200 billion for industrial transformation.

According to German Finance Minister Christian Lindner, this will include climate protection, hydrogen technology, and an expansion of the country’s electric vehicle charging infrastructure.

Germany intends to increase its investment in renewable energy sources in order to generate more energy. Europe’s desire to reduce its dependence on Russian fossil fuels will lead to an increase in efforts to become self-sufficient in energy and generate clean power. The European Commission is expected to stress the importance of increasing the use of renewable energy sources in its new energy strategy.