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ARTICLE · 28 JULY 2023

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Germany Launches EUR 50 Billion Funding Program For Decarbonization Of Heavy Industry

Jones Day
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The program offers considerable financial support for companies that would like to invest in innovative and climate-friendly technologies.

GermanyEnergy and Natural Resources
Dickson Chin
Dickson Chin
My Linh Vu-Grégoire
My Linh Vu-Grégoire
Markus Hamann
Markus Hamann
Johannes P. Willheim
Johannes P. Willheim
Bijan Tavakoli
Bijan Tavakoli
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Germany has launched a massive EUR 50 billion funding program to support energy-intensive industries such as steel, chemical, and cement to become climate-neutral. The program offers considerable financial support for companies that would like to invest in innovative and climate-friendly technologies.

The deadline of August 7 is approaching for the first preliminary auction portion of the German Ministry for Economic Affairs' (the "BMWK") massive EUR 50 billion funding program to support energy-intensive industries such as steel, chemical, and cement to become climate-neutral. The program offers considerable financial support for companies that would like to invest in innovative and climate-friendly technologies.

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