New laws under Germany’s “Climate Package” , aimed at saving 250 million metric tons of CO₂ and having 30% of electricity powered by renewable energy by 2020, have been approved by the German Parliament. The new laws are geared towards strengthening the country as “an investment location for renewable energies and energy efficiency technologies”. One provision is the amendment in the price of “feed-in-tariffs” for some renewable energy technologies under the Renewable Energies Sources Act. “Feed-in-tariff” is the “compensation paid to owners of renewable energies systems when energy from their systems is sold to the public grid”. The new law promotes investment in biomass energy by providing feed-in-tariffs of 7.79 to 11.67 Eurocents per kilowatt-hour, for electricity from biomass. Additionally, bonus incentives are also provided “to encourage the use of sustainable raw materials, or the simultaneous use of biomass in a combined heat and power (CHP, or co-generation) plant”..