In light of the COVID-19 crisis and the economic impacts that has brought, Germany as part of its pandemic recovery plan aims to boost green shipping practices.
In fact, Germany reported that the €130 billion economic stimulus package goals to enhance renewable energies, green electricity and climate transition.
“We especially welcome national recovery and investment initiatives in line with our priorities of preparing Europe for the green and digital transitions” …as the European Commission reported to Euractiv.
Among others, environmental protection and climate change are also in the spotlight. Specifically, as part of a the future package, €50 billion will be invested in environmentally friendly technologies such as hydrogen, electromobility and related initiatives.
“The grand coalition has finally agreed on an expansion target of 5 gigawatts (GW) of green hydrogen by 2030. Although 10 GW would have been better, this would at least put an end to the months of political impasse on the topic”…Sascha Müller-Kraenner, federal director of Environmental Action Germany noted.
Overall, European Commission unveiled a €750 billion recovery plan in order to help repair the economic and social damage brought by the pandemic.
