German Minister of Economy, Katerina Rahehe, announced the initiative of federal financing in the amount of € 6 billion to accelerate the decarbonization of energy -intensive industry of the country, according to Reuters. This marks an important milestone in politics, since the capture and storage of carbon (CCS) will be first integrated into the German Climate protection contracts.
This step reflects the attempt of Berlin to balance ambitious climatic targets with the competitiveness of industrial fees against the background of growing fears about high costs for energy, weak demand and structural vulnerability of the industrial base of Europe.
Orientation on the hard-to-reach sectors
The financing program is focused on chemical, it is focused on chemical, steel, cement and glass industry, which account for a large share of industrial carbon emissions in Germany. These sectors are faced with growing pressure aimed at rapid decarbonization while maintaining positions on the world market, especially in the conditions of international excess capacity and changes in the dynamics of trade.
of the companies interested in participating, must submit design proposals until December 1. The first round of competitive auctions for projects is scheduled for mid-2026, in anticipation of the approval of the budget by parliament and approval in accordance with the rules of state assistance of the EU.
CCS occupies a central Place
This last financing round expands the decarbonization of Germany 2024, making CCS acceptable as the decarbonization path. The ear includes carbon capture directly at the source,
