Germany: environmentally harmful subsidies amount to over 52 billion euros

Germany: environmentally harmful subsidies amount to over 52 billion euros

Even as Germany  focuses much effort and funding on climate protection measures, it continues to subsidise environmentally harmful policies and technology, according to a study by the Federal Environmental Agency (UBA). The report, which looked at environmentally harmful subsidies in the year 2010, found that 52 billion euros was spent on projects that contribute to global warming and other negative effects on the environment. The report also analysed subsidies for their impact on air, soil and water quality, as well as human health. The largest share of environmentally harmful subsidies went to the transport sector (24.4 billion euros), followed by the energy sector (21.6 billion euros) and the building sector (5.9 billion euros).

Source: Clean Energy Wire

Date: December 2014

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Tags assigned to this article:
economicsGermanysubsidies

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