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Netherlands to spend €28 billion on climate package 

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Meenal Datar

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The Netherlands has presented a new climate package worth €28 billion to reduce greenhouse gas emissions and combat climate change, in line with the EU’s target of reducing net emissions by 55% by 2030 compared to 1990. 

The package includes a range of measures to reduce carbon emissions by 22 megatons by 2030 and make the electricity sector carbon-free by 2035 through 3 GW offshore floating solar by 2030, converting gas-fired power stations to hydrogen, and making batteries obligatory for solar parks. 

In addition, the government has set aside €7.4 billion for hydrogen-related projects, including onshore and offshore, green hydrogen imports, and derisking large-scale hydrogen storage. 

The Dutch government’s climate package focuses on various sectors, such as housing, transport, industry, and energy. It includes blending gasoline and diesel with biofuels. This initiative aims to reduce dependence on fossil fuels and accelerate the transition to a low-carbon economy. 

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