Germany invests 40 billion euros to transform coal regionsChristian Fernsby ▼ | September 4, 2019
The German cabinet is putting forward legislation allocating 40 billion euros to help coal-producing regions transition to sustainable economies.
Europe Brandenburg, Saxony, Saxony-Anhalt and North Rhine-Westphalia
Topics: Germany coal
The money is intended for a wide range of purposes including improving broadband and other infrastructure and underwriting innovation and research.
600 million euros are already planned for eleven projects and initiatives, for instance, the establishment of a Center for Advanced System Understanding, a Fraunhofer Center for Digital Energy and an Innovation Campus for Electronics and Microsensors.
"The aim of the federal government together with the states of Brandenburg, Saxony, Saxony-Anhalt and North Rhine-Westphalia is to develop coal-producing parts of Germany into regions of innovation," says Flérida Regueira Cortizo, energy and environmental technology expert at Germany Trade and Invest (GTAI).
"This requires structural change, in which environmental and construction technologies will play a central role." ■