In August 2023, the German government passed the Climate and Transformation Fund to finance energy transition investments in the country. The largest share of the budget will be allocated to boosting the energy efficiency of buildings and shifting to greener heating systems - as envisaged by the heating law proposed by the Bundestag. The national rail company, Deutsche Bahn, will receive between two and four billion euros per year.
Climate and Transformation Fund budget planned for energy transition in Germany as of August 2023
(in billion euros)
Characteristic
Spending in billion euros
Energy efficiency in buildings and heating systems
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Clean Energy Wire. (August 9, 2023). Climate and Transformation Fund budget planned for energy transition in Germany as of August 2023 (in billion euros) [Graph]. In Statista. Retrieved August 25, 2024, from https://www.statista.com/statistics/1405180/energy-transition-funds-planned-germany/
Clean Energy Wire. "Climate and Transformation Fund budget planned for energy transition in Germany as of August 2023 (in billion euros)." Chart. August 9, 2023. Statista. Accessed August 25, 2024. https://www.statista.com/statistics/1405180/energy-transition-funds-planned-germany/
Clean Energy Wire. (2023). Climate and Transformation Fund budget planned for energy transition in Germany as of August 2023 (in billion euros). Statista. Statista Inc.. Accessed: August 25, 2024. https://www.statista.com/statistics/1405180/energy-transition-funds-planned-germany/
Clean Energy Wire. "Climate and Transformation Fund Budget Planned for Energy Transition in Germany as of August 2023 (in Billion Euros)." Statista, Statista Inc., 9 Aug 2023, https://www.statista.com/statistics/1405180/energy-transition-funds-planned-germany/
Clean Energy Wire, Climate and Transformation Fund budget planned for energy transition in Germany as of August 2023 (in billion euros) Statista, https://www.statista.com/statistics/1405180/energy-transition-funds-planned-germany/ (last visited August 25, 2024)
Climate and Transformation Fund budget planned for energy transition in Germany as of August 2023 (in billion euros) [Graph], Clean Energy Wire, August 9, 2023. [Online]. Available: https://www.statista.com/statistics/1405180/energy-transition-funds-planned-germany/