Germany Adopts Climate Protection Emergency Program 2022
The German government has adopted Climate Protection Emergency Program 2022 worth eight billion euros to help the country achieve its new climate targets. German Minister of Finance Mr Olaf Scholz said “This is money well invested, because man-made climate change is the greatest challenge of our time. The 2020s would be the decade of transformations.”
Germany seeks to become climate neutral by 2045, five years earlier than previously planned. The original target for greenhouse gas emission cuts by 2030 has been increased from 55% to 65%compared to 1990 levels. Federal Ministry of Finance BMF said “In order to achieve the ambitious climate targets” specific and comprehensive actions are necessary with a focus on short-term measures that “visibly and measurably reduce greenhouse gas emissions. With 5.5 billion euros, the energy-efficient refurbishment of residential buildings and the climate-friendly new construction or refurbishment of social housing would be promoted until 2025. At the same time, the minimum energy standards for new buildings would be raised. Around 1.07 billion euros would be invested in the transport sector.”
In the past two years, the German government has already invested more than 80 billion euros as part of its climate protection and economic stimulus programs.
The German steel industry has called for further support and policy after the Climate Protection Emergency Program 2022 and for the program to widen its scope to other material alternatives