The Netherlands wants to boost green support by a third

The Dutch Finance Minister has proposed increasing next year's budget for green subsidies to EUR 12 billion.

The Netherlands is accelerating its green transition. Earlier this year, the Dutch cleared the agenda when offshore wind tenders in the first stage of the Borssele project were approved for an all-time record low winning price of DKK .54 /kWh from Danish supplier Dong Energy, and currently the authorities are close to announcing the winner of the last two areas of the altogether 1.4 GW project.

The country has significantly increased funding for its green transition. The Netherlands has previously been criticized for not being willing to make the investments that would enable the country to meet climate targets, for example by only setting aside EUR 3.5 billion for its subsidy scheme SDE+ in 2015. However, in 2016 the amount was EUR 9 billion and now the Minister for Economic Affairs Henk Kamp is proposing to set aside a third more.

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