Germany could hit third of climate goals by cutting fossil fuel subsidies, study finds

Germany could hit third of climate goals by cutting fossil fuel subsidies, study finds

Reducing fossil fuel subsidies in Germany could help it achieve around a third of its climate targets without relying on additional tools such as carbon pricing, a German research institute said on Thursday.

Germany Could Meet One-Third of Its Climate Targets by Cutting Fossil Fuel Subsidies

A new study reveals that Germany stands to achieve up to one-third of its climate targets by phasing out subsidies for fossil fuels, highlighting a critical leverage point in the nation’s environmental policy. As the country intensifies efforts to combat climate change, experts argue that redirecting financial support away from coal, oil, and gas could [...]