Rail budget 2024

German top court ruling leaves rail budget with a multi-billion euro gap

Image: Flickr. Peter Lepping

At the end of last week, the German Constitutional Court ruled that the German government’s climate policy funding mechanisms are unconstitutional. This practically means that the federal government will not be able to use capital allocated to the Climate and Transformation Fund (CTF) set up to finance climate targets. Germany must now find new ways to make money available for green investments, including rail decarbonisation and modernisation, without jeopardising the 2024 rail budget.

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Author: Nikos Papatolios

Nikos Papatolios is the Editorial Coordinator of RailFreight.com, the online magazine for rail freight professionals.

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German top court ruling leaves rail budget with a multi-billion euro gap | RailFreight.com
Rail budget 2024

German top court ruling leaves rail budget with a multi-billion euro gap

Image: Flickr. Peter Lepping

At the end of last week, the German Constitutional Court ruled that the German government’s climate policy funding mechanisms are unconstitutional. This practically means that the federal government will not be able to use capital allocated to the Climate and Transformation Fund (CTF) set up to finance climate targets. Germany must now find new ways to make money available for green investments, including rail decarbonisation and modernisation, without jeopardising the 2024 rail budget.

Do you want to read the full article?

Are you already a member?

Log in

Having problems logging in? Call +31(0)10 280 1000 or send an email to customerdesk@promedia.nl.

 

Author: Nikos Papatolios

Nikos Papatolios is the Editorial Coordinator of RailFreight.com, the online magazine for rail freight professionals.

Add your comment

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