Germany approves billions for climate, modernisation fund
The Hindu
Finance Minister Christian Lindner said in a statement that “60 billion euros for investments in the future are a booster for the economy,” which is still recovering from the coronavirus pandemic.
The German government on Monday approved 60 billion euros ($68 billion) in funding to be used for combating climate change and modernising the country, a move that the new Finance Minister described as a “booster” for Europe’s biggest economy.
The supplementary Budget approved by Chancellor Olaf Scholz’s Cabinet entails putting the money into a government fund that is being redesigned as a “climate and transformation fund.” It will be used to finance projects aimed at fighting climate change and improving Germany’s infrastructure.
Finance Minister Christian Lindner said in a statement that “60 billion euros for investments in the future are a booster for the economy,” which is still recovering from the coronavirus pandemic.
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