Germany halts spending on new green projects – Bloomberg ...News

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Germany halts spending on new green projects – Bloomberg
source : Russia Today ( News ) () 26
The country's top court banned the use of pandemic funds on energy transition initiatives The German Finance Ministry has imposed an emergency spending freeze after the country’s top court banned the use of pandemic aid to finance green initiatives, Bloomberg reported on Tuesday. The Constitutional Court ruled last week that the shifting of €60 billion ($65.2 billion) of unused debt authorizations earmarked to tackle the Covid-19 pandemic into the government’s Climate and Transformation Fund violates constitutional law. On Monday, the Finance Ministry “froze virtually all new spending authorizations for this year

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