Energy Transition

Germany's $9bn green energy subsidy black hole heaps pressure on Scholz

Reports of additional need for transfers from federal budget to green power subsidy account likely to further strain divided Scholz government

The finance gap is a new headache for Robert Habeck (left), the German Federal Minister of Economics, and Chancellor Olaf Scolz.
The finance gap is a new headache for Robert Habeck (left), the German Federal Minister of Economics, and Chancellor Olaf Scolz.Photo: Shutterstock/Juergen Nowak
European Editor, Recharge
Published 25 June 2024, 14:01Updated 25 June 2024, 14:32