Constitutional Court ruling will hit industry harder than climate protection
According to Economics Minister Robert Habeck, the Constitutional Court's ruling will hit industry harder than climate protection. The Green politician said in Berlin on Thursday that the interpretation that climate protection now lacks 60 billion euros falls short of the mark.
"German industry is missing a large sum to cope with the transformation." The climate fund was also a response to the US IRA investment program. It was close to concluding so-called climate protection agreements for the steel industry, for example, so that it could produce in a more climate-friendly way here and not migrate. "Yesterday's ruling is a tough challenge for this industry." He does not want to accept the loss of competitiveness. "I am not prepared to accept this," he emphasized. "So we have to find the money elsewhere."
The Constitutional Court ruled on Wednesday that the transfer of 60 billion euros in unused coronavirus aid to the climate fund violates the German Basic Law. The government has not yet explained how it intends to solve the dilemma.
- Economics Minister Robert Habeck expressed his concern that the Constitutional Court's verdict will cause the German industry to lose a significant sum needed for its transformation towards climate-friendly production.
- Habeck argued that the Constitutional Court's ruling, which invalidated the transfer of 60 billion euros from unused coronavirus aid to the climate fund, puts climate protection at a disadvantage compared to the challenges faced by the industry.
- Despite the Constitutional Court's judgment, Green politician Robert Habeck insisted on finding alternative sources to fund climate protection initiatives to prevent a loss of competitiveness in the industry.
Source: www.ntv.de
