Germany approves climate-protection budget

Image copyright Reuters Image caption The German environment minister, Barbara Hendricks, wants the German government to “be more active on climate protection.” Germany’s cabinet has approved a $68 billion (£49bn) budget for combatting climate…

Germany approves climate-protection budget

Image copyright Reuters Image caption The German environment minister, Barbara Hendricks, wants the German government to “be more active on climate protection.”

Germany’s cabinet has approved a $68 billion (£49bn) budget for combatting climate change through 2027.

The state of North Rhine-Westphalia, Germany’s most populous, will receive nearly 40% of the sum, to help it reduce fossil fuel use.

The budget comes on top of billions already promised to clean energy and climate protection.

Scientists say that all states must do more if the world is to have a chance of keeping global warming below 2C above pre-industrial levels.

Colder temperatures were a key factor in limiting the severity of natural disasters in Germany last year, in addition to the nation’s reliance on wind and solar power.

‘Negative impact’

“Cabinet has approved the funding for a comprehensive solution to climate protection,” Environment Minister Barbara Hendricks said on Monday.

“It is estimated that the more we invest in combating climate change, the more efficiently we can reduce our CO2 emissions and reduce the negative impact on the environment.”

According to the finance ministry, funds from the budget will cover the spending of more than 100 billion euros in the period between 2026 and 2028 on climate projects such as renewable energy production and adaptation in areas such as ageing areas and at risk of climate change.

That spending will still need to be approved by parliamentary committees.

From 2020, Germany will also raise its annual payments to the Green Climate Fund by 30% and start paying the fund more for projects which contribute to the reduction of carbon emissions.

Last month, the Government approved over €100bn (£88bn) in green investments, boosting Germany’s commitment to fighting climate change, as it seeks to become one of the world’s most pro-environment nations by 2050.

Germany is one of the world’s wealthiest countries, but it is well-known for its scepticism towards tackling climate change and diverting fuel to renewable energy.

Its contribution to the Green Climate Fund – the main global fund promoting efforts to fight climate change – amounted to €7.1bn between 2013 and 2017.

Germany is the world’s third-largest emitter of greenhouse gases and in 2017, its residents produced 10 million fewer tonnes of CO2 than a decade earlier.

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