Germany launches carbon CfD scheme
Government expects to budget more than €10bn for subsidy programme in response to US IRA
The German energy ministry has launched its carbon contracts for difference (CCfDs) scheme, aimed at supporting the decarbonisation of production from energy-intensive industries, and expects the first round to take place this year. Robert Habeck, Germany’s federal minister for economic affairs and climate action, has been keen to pitch CCfDs as a response to the US Inflation Reduction Act (IRA). He has also played up the potential to boost the nascent hydrogen industry, while remaining notably silent on the topic of carbon capture. The government is shortly expected to publish a separate carbon management strategy that is likely to include its thinking on the deployment of CCS. “Progr
![](/images/white-fade.png)
Also in this section
21 July 2024
Awards experience 20% increase in nominations this year, with submissions from 27 countries
18 July 2024
Platform developed at Scottish university uses advanced simulations and machine learning to find most cost-effective and sustainable combinations of materials for use in carbon capture
18 July 2024
Stockholm Exergi agrees to one of world’s largest deployments of CO₂ liquefication technology to enable transport of emissions captured from biomass power plant
11 July 2024
Watkins will leverage her financial acumen and strategic insight to lead Gulf’s commercial initiatives across media, events, and market intelligence