The government will need EU approval for scheme
Germany launches carbon CfD scheme
Government expects to budget more than €10bn for subsidy programme in response to US IRA
The German energy ministry has launched its carbon contracts for difference (CCfDs) scheme, aimed at supporting the decarbonisation of production from energy-intensive industries, and expects the first round to take place this year. Robert Habeck, Germany’s federal minister for economic affairs and climate action, has been keen to pitch CCfDs as a response to the US Inflation Reduction Act (IRA). He has also played up the potential to boost the nascent hydrogen industry, while remaining notably silent on the topic of carbon capture. The government is shortly expected to publish a separate carbon management strategy that is likely to include its thinking on the deployment of CCS. “Progr
Also in this section
18 February 2025
Demand for CCS to abate new gas-fired plants is rising as datacentres seek low-carbon power, Frederik Majkut, SVP of industrial decarbonisation, tells Carbon Economist
11 February 2025
Rising prices have added to concerns over CBAM impact on the competitiveness of EU manufacturing
7 February 2025
Norwegian energy company slashes spending on low-carbon sectors as transition decelerates
30 January 2025
The UAE’s oil and gas company puts its faith in technologies including CCS and AI to deliver its emission-reduction goals
