Germany to Spend 3-Digit Billion Euros on Climate Plan by 2030

(Bloomberg) --

Germany’s climate plan will cost a 3-digit billion euro sum until 2030 and will have no impact on the government’s budget, according to an agreement reached by the coalition parties on Friday.

• Energy and climate funds to remain the key financing tool for the measures
• Germany to use proceeds from national carbon trading scheme and all other proceeds from the climate package to fund the plan
• Germany plans to issue green bonds in the future

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