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