Netherlands to double green energy subsidies to meet emission targets

According to the Dutch Climate Agreement, the nation is required to reduce emissions from the 1990 levels by 49%, by end of the year

The Netherlands is set to double its green subsidies from €2 billion (1.8bn) to €4 billion (3.7bn), as part of the Sustainable Energy Production (SDE+) spring budget.

According to data and analytics company GlobalData, SDE+ could provide financial support to renewable energy producers and make targets more ‘feasible and affordable’.

The Dutch Climate Agreement has set a national reduction goal for 2030 that requires 49% lesser emissions than 1990 levels. The Supreme Court further ordered the Dutch government in 2019 to ensure a 25% cut in emissions by end of 2020.

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