The upcoming UN Climate Change Conference COP27 takes place in a time of multiple global crises. Success is uncertain but urgently needed, including on climate finance. What can we expect?
The COP27 faces particular challenges – not least the war... more
The federal government has now presented its official figures on climate finance in 2021, showing that amounts have indeed increased. Here is a closer look at the figures.
According to the German Federal Ministry for Economic Cooperation and Development, budget... more
With its draft federal budget for 2023, the German government wants to keep climate finance for developing countries down at the 2021 level – thus moving further away from its 2021 pledge and eroding the carefully crafted balance of trust... more
As expected, developed countries did not keep their promise from 2009 to ramp up climate-related financial assistance to $100 billion a year by 2020. The OECD now reports that in 2020, a level of around $83 billion had been reached.... more
At the G7 summit, heads of state and government also discussed financial support for poorer countries for cutting emissions and adaptating to climate change – with less-than-impressive results.
One can hardly claim that the G7 summit made any significant progress... more
With the final adoption of the federal budget by the German parliament, German climate finance is not to grow in 2022 as would be consistent with gradually fulfil the German government’s pledge made the G7 summit in 2021. The German... more
Things are not looking good for climate finance in the 2022 German federal budget. Instead of gradually increasing funding to achieve annual budgetary allocations of around six billion euros for climate finance by 2025 as promised, Finance Minister Christian Lindner’s... more
Germany’s G7 presidency in 2022 offers a unique opportunity for the (still relatively) new German government to advance the global climate finance agenda – and make good for some of the rich countries’ (including Germany’s) shortfalls of the past and... more
As so often in the past, climate finance was one of the key issues fought over until the very end at this year’s UN Climate Change Conference COP26 in Glasgow. The most important results at a glance:
The $100 billion... more
Starting today, world leaders will gather for the 26th UN Climate Change Conference (COP26) in Glasgow, Scotland, to continue working on implementing the Paris Agreement. The dominant topic is likely to be the catastrophic inadequacy of the countries’ contributions to... more
