www.reuters.com/world/europe/german-parliament-vote-climate-funds-2022-01-27/

BERLIN, Jan 27 (Reuters) – Germany’s lower house on Thursday suspended constitutional limits on new borrowing for another year and approved a supplementary budget to fund investments needed to transition the economy toward carbon neutrality.

The debt-financed supplementary budget of 60 billion euros ($66.92 billion) was passed in a 382-283 vote in the Bundestag where Chancellor Olaf Scholz’s Social Democrats (SPD), the Greens and the pro-business Free Democrats (FDP) have a majority.

The 60 billion euros to be channeled towards the government’s investments in green projects and making the economy fit for the digital age come from unused debt from last year’s budget.

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EU carbon jumps to record close?

A lawmaker from the EU's biggest political group proposes that the bloc link stabilization of its carbon market to broader overhaul of the emissions trading program https://t.co/nhit6jlwPO

— Bloomberg Green (@climate) January 27, 2022

ok, price wasn't ready for the 90's color scheme yet. Taking a deep breath now, considering if it is worth it. https://t.co/m3BLMCRTfl

— Ingvild Sørhus (@i_sorhus) January 26, 2022