Germany launches €4bn subsidy bidding for eco-transition in energy-intensive industries.

Germany has launched a bidding process for €4 billion subsidies to assist energy-intensive industries in transitioning to eco-friendly production. Under the climate-protection contracts, companies in sectors like steel, glass, paper, and chemicals will receive 15-year subsidies in exchange for reducing carbon emissions in their production processes. This program is part of Germany's commitment to become climate-neutral by 2045.