New Dutch government pledges €35bn transition fund

The incoming Dutch government will throw much more weight behind green energy, but also supports North Sea gas exploration and nuclear power

The Netherlands will create a €35bn ($39.6bn) climate and transition fund dedicated to clean energy infrastructure and sustainability measures for the transport sector and the built environment, the new Dutch government says in its coalition agreement. The ten-year fund will run alongside the existing SDE++ renewable energy subsidy scheme and will channel money to low-carbon electricity, heating, hydrogen and CO2 transport infrastructure projects, the agreement says. “The Netherlands is a prosperous country and wants to play a leading role in Europe in the transition to a green economy,” says the four-party coalition, which is led by longstanding Dutch prime minister Mark Rutte. The new coa