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German Finance Minister Christian Lindner solutions questions throughout a plenary session of the decrease home of parliament, the Bundestag in Berlin,Germany February 16, 2022. REUTERS/Michele Tantussi
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BERLIN, March 6 (Reuters) – Germany has earmarked 200 billion euros ($220 billion) to fund industrial transformation between now and 2026, together with local weather safety, hydrogen know-how and growth of the electrical automobile charging community, its finance minister stated.
“200 billion euros in funding for the transformation of the financial system, society and the state,” Christian Lindner advised public broadcaster ARD on Sunday, including that this additionally included the removing of renewable vitality levies.
Lindner’s feedback come as Germany is intensifying efforts to chop reliance on Russian fuel by boosting infrastructure to import liquefied pure fuel (LNG) and probably relying extra on coal-fired energy crops.
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On the similar time, Germany is planning to spice up funding in renewables for vitality manufacturing.
In feedback to Reuters, financial system minister Robert Habeck stated that agreeing on funds to spice up the transition of Europe’s largest financial system was an incredible success.
“Extra urgently than ever, we have to put money into our vitality sovereignty. And I’m glad that we as members of the coalition are pulling in the identical path. Now we should make each effort to turn into extra unbiased and climate-neutral.”
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Reporting by Markus Wacket and Christoph Steitz
Modifying by Kevin Liffey and David Goodman
Our Requirements: The Thomson Reuters Belief Ideas.
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