The Dutch government has announced the doubling of its planned budget for the country’s renewable energy subsidy programme to €4 billion ($4.5 billion) in 2020, as part of its efforts to cut greenhouse gas emissions by 25% by the end of the year.
The government previously planned a total of €2 billion ($2.25 billion) in clean energy subsidies.
Eric Wiebes, Minister of Economic Affairs and Climate Policy said: “The extra money is intended to help the country meet its promise to cut carbon dioxide emissions.
“There are a large number of projects that can offer a cost-effective contribution.”
The government has also increased the subsidy for buyers of new electric cars (EVs) as part of its efforts to transition to electric transportation.
Separately, the government introduced a new €4,000 (£3,450) grant for buyers of new electric cars.
The Netherlands generated 18% more electricity from renewable resources last year than in 2018, with solar power in particular showing strong growth, according to preliminary figures from Dutch national statistics office CBS.
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