Germany’s €60 Billion Hit Puts Green Shift Further Out of Reach

11/17/2023 11:44
Germany’s €60 Billion Hit Puts Green Shift Further Out of Reach

Germany was already struggling to keep up with its climate goals. Now that effort appears to be even further out of reach after a court ruling this week.

Germany was already struggling to keep up with its climate goals. Now that effort appears to be even further out of reach after a court ruling this week.

Judges at the constitutional court in Karlsruhe struck down €60 billion ($65 billion) in off-budget funding for clean energy and industrial projects. Government officials fear that similar financing vehicles — perhaps as much as €770 billion — may also need to be changed.

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