This policy is an overarching plan including a bundle of specific sectoral regulations as carbon pricing for transport and buildings, Investments and tax relief in energy efficiency measures in the industry and building sectors and subsidies “Umweltbonus” (environmental bonus) for e-cars acquisition.
Germany outlines the ambition to be climate neutral in 2050 (the commitment to pursue greenhouse gas neutrality by 2050 as a long-term goal”) and to reduce GHG emissions by 55% until 2030.
In June 2021, the law was ammended, bringing the carbon neutrality target to 2045, and raising the tender volume for wind power from 3GW per year to 4GW and for solar PV from 4GW to 6GW