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Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world
Americas+1 212 318 2000
EMEA+44 20 7330 7500
Asia Pacific+65 6212 1000
A public charging station in Vienna, Austria.
Austrian negotiators trying to form a nationalist-conservative government plan to cut about a fifth of all subsidies related to climate protection in an attempt to avoid the European Union’s budget reprimand.
As part of a €6.4 billion ($6.58 billion) budget saving program for 2025, the government would cut €1.6 billion of payouts compensating households for a carbon tax, and slash about €500 million in subsidies introduced to help the economy adopt emissions-free technologies.
