The German government has launched the first stage of a bidding process for carbon dioxide contracts for difference (CfD), which will take place next year.
According to the funding programme, €6bn will be made available to help heavy industries like steel, chemicals, cement, and glass switch to cleaner production methods that emit less CO2.
The government will sign 15-year contracts with selected companies. These work like long-term guarantees that cover some of the extra costs that come from using greener technologies instead of traditional, more polluting ones.
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