There Germany will receive 5 billion euros fromEuropean Union to be used for the plan of EMISSIONS CUTS AND DECARBONIZATION of the production processes of the national industry. The approval to the granting of the funds came from the European Commission which saw, in the German project, a conformity with the objectives of EU’s prosperity and competitiveness. The interventions will affect several production sectors, from concrete to steel production passing through electrification in the chemical sector.
The emissions plan in Germany
The German program for the increase in National Industrial Sustainability Presented to the EU Commission last February, it prevalently provides for the reduction of carbon dioxide emissions in production processes. This passage finds concreteness in implementation, reads the EU Commission, “of electrification, hydrogen, capture and carbon storage technologies (CCS), capture and use of carbon (CCU) and energy efficiency measures”.
The supported projects, as mentioned, will concern various fields, with i beneficiaries which will be the companies active in the sectors subject to the EU ETS. Concerned, therefore, the sectors of the chemistryof plaster and of the glass.
The targets to be achieved
The realities that will have access to European funds for the cutting of emissions will have to reach Objectives in step provided for by the plan. Within the first three years, more in detail, it is necessary to reduce the emissions of the 60%with the percentage that will have to arrive at 90% by the end of the supported project. This procedure refers to a system that is based on the ETS parameters.
Funds for 15 years to the beneficiaries
The granting of European funds It will be linked to an open tender, with the applicants who will be classified on the basis of the lowest help amount requested for tonne of CO2 emissions avoided. Once this step has passed, the incentive will take the form of Bidirectional carbon contracts for differencewhich take the name Climate protection contracts.
These agreements provide that for the following ones 15 years The beneficiaries will be able to count on annual subsidies that will suffer from their offers and the evolution of market prices relevant to affiliated technologies.
Finally, it should be noted that the incentives granted by the European Union are connected only to the coverage of costs additional for i New production processes compared to conventional methods. It follows that if the management of supported projects should become cheaper, the beneficiaries will be called to reimburse the difference to the German authorities.
Germany, the country with the most help by the EU
There Germanyin addition to being even the first European economy, it is also the country that has been the lead of the aid granted at European level in recent years.
In addition to the 5 billion recently approved, the state has in fact a past made up of many billion euros that came from Brussels directly to Berlin. At the end of 2022, of the 540 billion provided by the EU as a form of support for member countries, half had Germany as destination. To make the data more understandable, think of Italy which, in the same reference period, obtained a twentieth of the total sum.
To play the benefit of Berlin is certainly the role of driving leader for the European economy, as well as the possibility of greater budget spaces than other countries thanks to a low public debt.
