Germany's Budget Crisis Threatens Billions in Industry Decarbonization Plans
• Germany's budget crisis creates uncertainty for industry funding, including ArcelorMittal's 2.5B euro decarbonization plan
• Steelmaker SHS needs funding decision from Germany by year-end for its 3.5B euro emissions reduction push
• Projects potentially impacted include 4B euros for microelectronics, 20B euros for batteries, 68B euros for climate agreements
• Industry leaders worry budget hole weakens Germany's ability to support long-term green transition
• Volkswagen CEO says uncompetitive energy prices could cause industries like chemicals and steel to leave Germany