Germany's coalition has finalized the financial framework for its ambitious hydrogen network, aiming for completion by 2037. This extensive network, crucial for Germany's energy transition, particularly post its dependency on Russian gas, will span over 9,700 km (approximately 6,027 miles) and is expected to cost about €20 billion (approximately $21.6 billion USD). The plan includes utilizing 60% of existing gas pipelines and will be funded through user fees and private investments, with a government-backed safety net to encourage investment in this nascent technology. This strategic move represents a significant step towards integrating renewable energy sources into the national grid and reducing carbon emissions.
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German coalition agrees on financing details of hydrogen network
German coalition agrees on financing details of hydrogen network
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