Skip to content
Politics — Science — Climate-change — Green Skies Ahead — Finance — Soar into Relaxation — Maximize Your Returns — **Stay Safe in the Skies** — Revolutionize Your Flight — Unlock Your Potential — Headline: AeroCloud's Latest Aviation News

Germany Meets 6 Billion Euro Climate Pledge, But Public Funds Decline

Germany fulfills its 6 billion euro climate pledge. But as public funds decrease, private money steps in, raising questions about costs, profits, and the future of public goods.

,   and  Administrator
2 min read
In the picture we can see a photograph of a grass plants with two ways on it and in it we can see...
In the picture we can see a photograph of a grass plants with two ways on it and in it we can see two houses with windows to it and in the middle of the way we can see a tree and besides we can see many trees and in the background we can see the sky and on it we can see mentioned as responsible travel 2015.

Germany Meets 6 Billion Euro Climate Pledge, But Public Funds Decline

Germany has successfully met its pledge to invest 6 billion euros in climate protection and adaptation measures in the Global South by 2024. However, the trend shows a decrease in public funds and an increasing reliance on private money for climate financing, sparking debates about costs, profits, and the future of public goods.

Germany's Federal Ministry for Economic Cooperation and Development (BMZ) funds about 80% of international climate finance. Despite this, the Bundestag has agreed to further cuts of around 1 billion euros for the BMZ in 2025. This shift reflects a global trend of decreasing public funds and an increasing call for private money in climate financing.

Private money in climate adaptation measures comes with costs and requires profits. Investors are flocking to 'climate-resistant', genetically modified plants, leading to disputes with small farmers worldwide. Meanwhile, many adaptation measures, like building dikes or early warning systems, prevent costs but don't generate profits. Organizations like Oikocredit and Germanwatch engage with Bundestag members to promote private investments for climate adaptation in the Global South, with the German government increasingly involving economic actors through initiatives led by the BMZ, focusing on mobilizing private capital for financing climate protection and the UN Sustainable Development Goals (SDGs) in partner countries.

Germany's commitment to climate financing in the Global South has been fulfilled, but the future lies in balancing public and private investments. While private money can 'leverage' more capital, the defense of public money in public goods is considered a better investment in the long run. The challenge now is to navigate the complexities of private investments, ensuring they benefit both climate adaptation and the global community.

Read also:

Related

Latest