In its session last Friday the Federal Council did not object to an amendment of the Energy and Climate Fund Act (EFKG, ref. no. BT-Drs. 356/14) that gives the German Federation the power to grant the Energy and Climate Fund budgetary support (Haushaltszuschuss).
Following countersignature by the Federal President and promulgation in the Federal Law Gazette the amendment can enter into force on 1 January 2015.
EFK funds are spent for various support programmes relating to energy efficiency, renewable energy, energy storage and grid technology, energy-efficient renovation, national and international climate protection as well as electromobility (cf. Section 2 para. 2 sent. 2 EKFG). Funds come mainly from the sale of CO2 allowances, the prices of which have continually fallen over the past years, and do not suffice. Hence the EKFG bill gives the Federation the power to provide for support for the fund in the annual budget in the years 2015 to 2018. The explanatory memorandum accompanying the bill foresees different maximum support each year, with EUR 781 million in 2015 being the lowest amount and EUR 848.5 million in 2016 being the highest amount.
Only recently the Federal Association of the Energy and Water Industry (BDEW) had called for better funding for EFK, which it had called the main tool for implementing the energy transition towards a mainly renewable energy supply in Germany.
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