Reuters exclusively reported that Germany’s fiscal support is expected to rise to a total of 67.1 billion euros ($72.36 billion) in 2024 to drive the transition towards a greener economy, up from 37.9 billion euros in 2021.
Economy
German 2024 fiscal cushion jumps to 67 billion euros on green transition
29 August 2023, 4:12 pm 1 minute
Market Impact
As Europe’s largest economy boosts such spending, some critics fear that without a new European Union green fund, only bigger countries with more fiscal power will be able to push ahead with national subsidies, leaving smaller countries behind.
Article Tags
Topics of Interest: Economy
Type: Reuters Best
Sectors: Economy & Policy
Regions: Europe
Countries: Germany
Win Types: Exclusivity
Story Types: Exclusive / Scoop
Media Types: Text
Customer Impact: Significant National Story
