Germany

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Germany launches information campaign on CBAM

Many companies are not aware of their obligations under the mechanism

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Germany considers carbon management strategy

The relevant legislative changes were proposed by the Ministry of Economy and Climate

stahl-online.de
Germany increased steel production by 4.9% y/y in January

Production of pig iron for the month increased by 4.7% y/y, and rolled steel – by 6.2% y/y

weser-kurier.de
EC approves €1.3 billion in state aid for ArcelorMittal’s decarbonization in Germany

EC considers the aid necessary and expedient to promote the production of environmentally friendly steel

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EC approves €4 billion in German aid for industrial decarbonization

Support will be provided through bilateral carbon contracts for difference (CCfD)

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EC approves €4.6 billion for German hydrogen projects

24 hydrogen production projects will be financed. Their total value reaches €8 billion

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German government will downgrade its GDP growth forecast for 2024 to 0.2% y/y

It was previously predicted that the country's economy will grow by 1.3% this year

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CBAM creates difficulties for small German companies – Stahlmarkt

The country's business cannot receive appropriate consultations in connection with the implementation of the mechanism

gmk.center
Industrial production in Germany declined by 1.6% m/m in December

The indicator has been decreasing for the seventh month in a row

weser-kurier.de
Germany to provide €1.3 billion in subsidies for decarbonization of ArcelorMittal

The company plans to invest €2.5 billion in replacing blast furnaces with electric arc furnaces at plants in Bremen and Eisenhuttenstadt

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German inflation slowed to 2.9% y/y in January

Compared to the previous month, the indicator increased by 0.2%

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