Energy-intensive companies in Germany can now apply for new state energy subsidies potentially worth billions of dollars. Under the climate contracts, the German government will finance investments to convert industries to new, more climate-friendly production processes and initially cover additional costs incurred. The companies are expected to pay the money back once those new production processes become cheaper to operate and more competitive on the open market. Germany's Economy Ministry ann
German Vice Chancellor Robert Habeck sees a special role for Berlin in dealing with the Gaza war in view of its close relations with Israel. "Precisely because the Israeli public knows that Germany, that the Federal Government, has made a special promise of protection for Israel, which cannot be relativized, we can also find clear words," Habeck said on Tuesday during a visit to Muscat, the capital of the Gulf state of Oman. In this context, he also referred to the current trips by German Foreig
German Economy Minister Robert Habeck has high hopes for the Gulf state of Oman as a future hydrogen producer. "The potential to become a partner here, from the planning process to the installation of solar energy, electrolysis and the purchase of green hydrogen, is huge," he said on Tuesday during a visit to the capital Muscat. To date, Oman has been heavily dependent on oil and gas, which make up a large proportion of its exports. According to Germany Trade & Invest, the German foreign trade a