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Germany approves €900M for green hydrogen project H2Global

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Germany’s Federal Ministry of Economic Affairs and Climate Protection (BMWi) has approved €900 million for the innovative funding instrument H2Global. —Robert Habeck, Federal Minister of Economic Affairs and Climate Protection. is expected to pay more in purchasing than it can collect through sales.

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German OEMs to upgrade emissions control on 5.3M Euro 5 and 6 diesels, contribute to €500M Sustainable Mobility fund

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The Federal and state governments also expect the manufacturers to use self-financed competitive measures to provide incentives for the change of pre-Euro-5 diesel vehicles to vehicles with the latest exhaust gas aftertreatment or electric vehicles. In this sense, modern and clean diesel technology can also contribute to climate protection.

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Perspective: Regional Greenhouse Gas Cap-and-Trade Programs May be the Solution

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If they don’t have enough allowances to cover their emissions they must purchase more or face a penalty. The opportunities for private-parties to buy and sell emissions allowances, and to purchase any allowances auctioned by the state, lie behind cap and trade’s potential to achieve emissions reductions at low cost to the overall economy.

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