What's Hot

    U.S. Polo Assn. Launches Global Fall-Winter 2023 Collection

    September 26, 2023

    World Tourism Day 2023 calls for sustainable growth in tourism

    September 26, 2023

    UAE and India discuss strategic ties at UNGA78 in New York

    September 26, 2023
    Facebook X (Twitter) Instagram
    African PulseAfrican Pulse
    • Automotive
    • Business
    • Entertainment
    • Health
    • Lifestyle
    • Luxury
    • News
    • Sports
    • Technology
    • Travel
    African PulseAfrican Pulse
    Home » Aid for solar, wind industries sought by German economy minister
    Business

    Aid for solar, wind industries sought by German economy minister

    February 22, 2023
    Facebook Twitter LinkedIn Telegram Pinterest Tumblr Reddit WhatsApp Email

    After talks with industry representatives, Economics Minister Robert Habeck said in Berlin that Germany should increase state support for wind turbines and solar plants. “We have to strengthen the production capacities for renewable energies and electricity grids in Germany and Europe,” said Habeck, who is a member of the country’s main environmental party, the Greens, dpa reported.

    Aid for solar, wind industries sought by German economy ministerIn order to achieve climate goals and become less dependent on fossil fuels, the government plans to increase renewable energies in the coming years. Nevertheless, solar plant production has increasingly shifted to China, while the German solar industry has declined.

    The strategy also favors EU tax credits modeled after the US model or alternative instruments corresponding to the US model. Habeck said that tax write-offs would be possible at EU level. In addition, he has shown interest in a proposal by the EU Commission regarding tax breaks for companies investing in climate-friendly technologies.

    The US Inflation Reduction Act led to significant reductions in operating costs not only in the photovoltaic industry but also in other sectors and promoted manufacturing investments. During the first half of 2023, Habeck plans to present proposals for a state-subsidized industrial electricity price, addressing the complaints of domestic industries about high energy costs.

    Share. Facebook Twitter Pinterest LinkedIn Tumblr Telegram Email

    Related Posts

    From India to Brazil, leadership transition marks G20 Summit’s conclusion

    September 11, 2023

    African Union Inducted into G20 on India’s Initiative

    September 9, 2023

    Biden and Modi cement ties as India ascends global stage

    September 9, 2023
    Latest News

    World Tourism Day 2023 calls for sustainable growth in tourism

    September 26, 2023

    UAE and India discuss strategic ties at UNGA78 in New York

    September 26, 2023

    Leaders of UAE and Netherlands convene to reinforce mutual cooperation

    September 26, 2023

    From India to Brazil, leadership transition marks G20 Summit’s conclusion

    September 11, 2023
    © 2021 African Pulse | All Rights Reserved
    • Home
    • Contact Us

    Type above and press Enter to search. Press Esc to cancel.