New proposed German government guidelines for export credits and investment guarantees are to focus more closely on climate-friendly technologies.
The government has already consulted with business and industry lobby groups on the guidelines but they are still being finalized within Germany's coalition government, sources at the Economy Ministry told dpa on Tuesday.
The aim of the new guidelines is to promote innovation and climate-friendly technologies as well as the export of green technologies abroad, ministry sources said. They said the guidelines, which would apply to German industry as well as the transport and energy sectors, would also cut off state financing for climate-damaging activities in the future.
The guidelines would divide projects and exports into three categories. One is a "green" category for technologies particularly worthy of support, such as wind and solar energy, as well as "green" hydrogen. Those would receive quicker and more favourable coverage in future.
The conditions for a "white" category are to remain unchanged. This would include projects that serve to decommission fossil energy infrastructure, such as coal-fired power plants. Products in the "red" category are to be excluded from cover, such as oil production transactions.
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