Preparations for the federal budget 2025 will show whether Germany intends to keep its promise to increase climate finance to at least six billion euros per year by 2025. At present, this does not look likely.| The German contribution to International Climate Finance
According to the German government’s climate finance report recently submitted to Brussels, budget allocations for climate finance in 2023 have fallen significantly compared to the previous year, now once again below the target of at least six billion euros per year. 2025 will see more troubles, as the government is planning more cuts to the […]| The German contribution to International Climate Finance
Good news just in time for the Bonn climate talks SB60: In 2022, developed countries’ climate finance has reached and even exceeded $100 billion, a level originally promised for 2020. Yet, some issues remain. Since developed countries promised, back in 2009, to increase financial assistance to support climate action in lower-income countries to $100 billion […]| The German contribution to International Climate Finance