Germany seeks to launch a subsidy program for industries in April to help them transition to carbon-neutral production, according to a document released on Tuesday, as Europe's largest economy explores measures to make industry carbon-neutral by 2045.
Economics Minister Robert Habeck announced last year that he was planning to establish so-called "climate protection contracts" from 2023, with 15-year subsidies for energy-intensive industries such as steel, cement, and chemicals in exchange for cutting carbon emissions in their production.
