The Carbon Contracts for Difference (CCfD) program in Germany, initiated on March 12, 2024, with a first bidding round of €4 billion, aims to support energy-intensive industries in transitioning to climate-friendly production processes by compensating for additional costs compared to conventional methods. The program is expected to reduce greenhouse gas emissions by up to 20 megatonnes annually, contributing significantly to Germany's industrial sector's 2030 climate target, while fostering innovation and competitiveness in German industry.