Germany Set to Scale Down Climate Ambitions
(Bloomberg) — Two years ago, Thyssenkrupp AG, the nation’s biggest steelmaker, was awarded €2 billion ($2.1 billion) in subsidies to help pay for a hydrogen furnace. It was the biggest-ever commitment of its kind, and a high point in Germany’s planned transition to clean fuel. Yet plans to burn hydrogen are now on hold. Since the government collapsed late last year, funding for key energy transition programs have been frozen, and the leading political parties have made clear that their priorities lie elsewhere. Read More
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