Germany Leads Global Climate Fight With Record €11.8 Billion in 2023

Germany has emerged as a significant global player in combating climate change, investing record sums in initiatives both at home and abroad. In 2023 alone, the country contributed a staggering €11.8 billion to worldwide climate efforts.

Germany's commitment spans various sectors and regions. Domestically, it has provided financial support to neighbouring countries like Bosnia-Herzegovina, Moldova, Austria, Poland, Slovakia, and the Czech Republic for climate resilience and disaster recovery. This includes mobilising over €280 million from the EU Solidarity Fund following the 2024 floods. Concrete projects also involve climate-adapted agriculture initiatives in Northwest Europe, funded with approximately €4.8 million including EU grants.

In Kenya and Senegal, Germany is investing €13 million to provide locals with better stoves, reducing wood burning for cooking. Meanwhile, in Mali, the 'National Programme for Small-Scale Irrigation' has received over €200 million in funding since 2012. Looking ahead, Germany plans to contribute €2 billion to the Green Climate Fund between 2024 and 2027.

These investments are made possible by contributions from German taxpayers, with €6.1 billion in direct funding, €4.6 billion in loans from KfW, and an additional €1.1 billion from private investors. The funds are used for expanding renewable energies, adapting agriculture, protecting forests and moors, and supporting development and emerging countries.

Germany's commitment to global climate change efforts is clear, with a record sum of €11.8 billion contributed in 2023. Development minister Reem Alabali Radovan has confirmed that these investments include both public and private funds, demonstrating a comprehensive approach to tackling the climate crisis on a global scale.