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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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Senators Sanders, Boxer propose legislation to institute GHG price on large stationary sources and remove support for fossil fuel industries

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The legislation also proposes numerous actions against financing and support for fossil fuel industries. Among the financing provisions of the legislation are: Price on carbon. Bernie Sanders (I-Vt.) and Barbara Boxer (D-Calif.) The legislation would enact a fee of $20 per ton or carbon or methane equivalent, rising at 5.6%

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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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Auction revenues may be used for the public good by allocating the allowance value to: households as dividends; financing investments and other public expenditures; and. Support for this use of allowance value stems from the idea that the climate-regulating services of the atmosphere are a common property resource.

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