The German government has announced plans to allocate approximately 3.3 billion euros for climate-friendly projects, focusing on carbon dioxide storage and supporting medium-sized industries.
This new initiative is aimed at helping Germany meet its goal of achieving net-zero emissions by 2045, particularly in energy-intensive sectors.
The government emphasizes that funding for carbon capture and storage will only support hard-to-avoid emissions, particularly in the cement, glass, and ceramic sectors.
While the initiative includes carbon capture and storage, opponents argue that existing renewable technologies like solar and wind are more effective for decarbonization.
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