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Germany unveils €50bn green stimulus fund within COVID-19 recovery package

Friday, 05 June 2020

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The German government has unveiled a €130bn COVID-19 economy recovery package for the years 2020-2021 of which approximately €50bn will be allocated to addressing climate change, innovation, solar and wind power, as well as digitisation.

According to a briefing document authored by the Social Democratic Party of Germany (SPD), €7bn is planned towards new hydrogen energy infrastructure in efforts to make "Germany the world's supplier of state-of-the-art hydrogen technology."  The recovery package also includes €2bn for gr...

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