Germany rolls out €6bn bid chance to decarbonise heavy industry | Decarbonisation News
The German government has launched the first stage of a bidding process for carbon dioxide contracts for difference (CfD), which will take place next year. According to the funding programme, €6bn will be made available to help heavy industries like steel, chemicals, cement, and glass switch to cleaner production methods that emit less CO2. The government will sign 15-year contracts with selected companies. These work like long-term guarantees that cover some of the extra costs that come from using greener technologies instead of traditional, more polluting ones. To decide who gets the money, Germany will hold a competitive auction in 2026. Companies will bid by saying how much funding they need per tonne of CO2 they will save. The projects that can cut CO2 most efficiently and cheaply will get priority. The funding could go… Read More »Germany rolls out €6bn bid chance to decarbonise heavy industry | Decarbonisation News