Climate protection:subsidies rise to record high

In view of planned government demands for more climate protection, the federal government expects a drastic increase in its subsidies. According to media reports, these will reach a record 31.4 billion euros next year.
According to a report in the "bild" newspaper (saturday), this is the result of the new subsidy report by finance minister olaf scholz (SPD), which the cabinet will decide on next wednesday. Previously, the "handelsblatt" newspaper had reported that. A spokesman for the ministry would not comment on the reports.
According to the reports, the volume of federal subsidies and tax breaks will rise from 21.8 billion euros in 2017 to 31.4 billion euros in 2020. The federal government’s subsidy policy is increasingly being shaped by climate and environmental policy. Another reason for the increase is the demand for billions of euros for broadband expansion. All in all, the subsidies are divided into 93 different financial aids – such as the child construction subsidy and the coal demand – and 105 tax breaks, for example for shift allowances or hotel accommodation.