© Bundeswehr Bloomberg: Germany Studies Tapping Coal-Exit Funds for Defense Projects
Germany is considering re-routing existing subsidies for eliminating coal-fired power plants to help defense manufacturers build new production facilities, according to people familiar with the matter.
The discussions between Germany’s federal government and regional states are aimed at providing the country’s armed forces with more weapons and ammunition and creating jobs in regions that are affected by the shift away from coal, said the people, who asked not to be identified as the talks are confidential.
Germany’s Bundeswehr has been suffering from outdated and partly dysfunctional equipment for years. Following Russia’s invasion of Ukraine the German government last year earmarked 100 billion euros ($109 billion) in defense spending to expand and modernize its armed forces.
A spokeswoman for the Economy Ministry did not have an immediate comment.
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Update: Great Reset Fail? Germany Mulls Diverting Green Agenda Cash Aimed at Killing Coal to Arms Industry (Breitbart)
WNU Editor: Just a reminder. Germany's Green Party is a major coalition partner in the German government.
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