The German government has agreed to allocate 57.6 billion euros ($63.21 billion) for green investments next year, 60.2 percent more than the 2023 target, with Berlin increasing support for zero emissions by 2045.
The German Ministry of Finance revealed that the lion's share of the "Climate and Transition Fund" will be allocated next year to support the construction sector in Germany, with 18.9 billion euros to support the energy transition in 2024. Renewable energy will be subsidized by around €12.6 billion, while €4.7 billion will be allocated to expand the country's electric charging infrastructure for transport.
Source (Al-Asharq Al-Awsat Newspaper, Edited)
