- The Federal German Government has approved allocating nearly €500 million (~$578 million) from the country’s fiscal budget for carbon dioxide removal (CDR) by 2033.
- This greenlighting motion comes approximately a month after carbon removal was included in Germany’s draft federal budget.
- With the German cabinet approving this substantial CDR budget, the country is set to allocate more than €111 million (~$128 million) for carbon removal projects in 2026, along with €44 million (~$50 million) dedicated to enhancing soil carbon sinks.
Read the full news here: German Cabinet Approves More Than Half A Billion For CDR