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Germany Boosts Global Climate Protection with Record €11.8 Billion in 2023

Germany's commitment to global climate protection reaches new heights with €11.8 billion in funding. The money will support cleaner stoves, renewable energies, and climate adaptation in developing nations.

In this image there are buildings, bridges, water, architecture, cloudy sky, trees, grass, roads,...
In this image there are buildings, bridges, water, architecture, cloudy sky, trees, grass, roads, vehicles, people, boats and objects.

Germany Boosts Global Climate Protection with Record €11.8 Billion in 2023

Germany is ramping up its global climate protection efforts, with a record €11.8 billion allocated for 2023. This includes both public funds and investments from private sectors. The money is used to promote cleaner cooking methods, expand renewable energies, and adapt agriculture to climate change in developing countries.

Development minister Reem Alabali Radovan announced that Germany is supporting cleaner stoves programs in Kenya and Senegal with a €13 million investment. This initiative aims to reduce wood burning for cooking, which has significant environmental impacts.

Germany's commitment is substantial, with German taxpayers contributing €6.1 billion. Additionally, KfW loans and private investors have added €4.6 billion and €1.1 billion respectively. These funds are used to expand renewable energies, adapt agriculture to climate change, and protect forests and moors in developing countries.

In Mali, Germany has been financing the 'National Programme for Small-Scale Irrigation' since 2012, with over €200 million invested so far. Looking ahead, Germany will contribute €2 billion to the United Nations Green Climate Fund between 2024 and 2027.

While Germany's commitment to global climate protection is notable, it has not been without criticism. Alice Weidel accused the government of skewed priorities, pointing out planned cuts to care allowances for disabled Germans while increasing climate financing abroad. Rainer Zitelmann also criticized the spending, suggesting it benefits politicians in the Global South. Despite these views, Germany's significant investment in climate protection worldwide continues.

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