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šŸ”„ šŸ‡©šŸ‡Ŗ BREAKING: German government earmarks almost half a billion euros for carbon removals šŸ‡©šŸ‡ŖšŸ”„

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šŸ’¶ Momentum has been building for months in Europe's biggest economy. Today, another major breakthrough: money on the table!


The details:

1ļøāƒ£ €111m for CDR in 2026, of which €98m for projects, €11.5m for direct public procurement, and €2m for administrative costs.

2ļøāƒ£ €320m for CDR between 2027-2033, in a sliding scale starting with €90m in 2027

3ļøāƒ£ €45m for soil carbon specifically in 2026


šŸ’„ Boom! That is the leadership we need! Testament to the role that CDR is hopefully going to play over the coming years under the current government.


āœ… Tomorrow, July 30th, the Cabinet is expected to pass this budget and clear the way for a step-change for CDR in Germany.


šŸ‘ Huge shout-out to the team at Deutscher Verband für negative Emissionen e.V. (DVNE), who has worked tirelessly for years creating the foundation for this progress.


🤩 Great times ahead and your good piece of news for the day. Auf geht's!


šŸ‘‰ Want to stay informed with all the important CDR developments in Germany and beyond? Be sure to subscribe to my monthly newsletter, the GigaTen: https://lnkd.in/d2BKe7gr



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