Home German green foundation joins efforts to complete Nord Stream 2
German green foundation joins efforts to complete Nord Stream 2
Mecklenburg-Western Pomerania state baffles pipeline critics with new entity that aims to finish project
World Economy News
22 Jan 2021 • 3 min read
For years, the struggle to finish Nord Stream 2 has pitted Washington against Moscow and divided Europe. Now, a small German state has stepped into the fray with an unusual move: forming an environmental foundation to help finish the gas pipeline.
Mecklenburg-Western Pomerania (MV), along Germany’s northeastern coast, is home to the logistics hub and endpoint of the embattled project that is almost completed but stalled for more than a year by US sanctions.
The Commission has announced the first round of direct equity investment through the new European Innovation Council (EIC) Fund. 42 highly innovative start-ups and small and medium-sized businesses (SMEs) will together receive equity financing of around €178 million to develop and scale up breakthrough innovations in health, circular economy, advanced manufacturing and other areas. Among […]