Germany earmarks €18.9 billion for green construction and renovation subsidies

Reuters

10 August 2023

Germany’s cabinet has approved €18.9 billion (US$20.8 billion) for subsidies in the building sector to encourage the construction of new energy efficient buildings and the renovation of existing buildings.

The investment represents the largest share of a wider €57.6 billion ($63.2 billion) package for green investments next year, up 60.2% from a 2023 target, the finance ministry said.

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