Over the next two weeks, the SB58 climate talks will be held in Bonn, advancing the international climate regime and preparing the next UN climate summit COP28 in Dubai at the end of the year. Again, climate finance will be... more
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
When it comes to pledges for international climate financing, there is always a need for pioneers who set an impulse in the right direction. In the past, Germany has repeatedly taken on this pioneering role and thus increased the pressure... 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
In 2009, high-income countries promised to provide $100bn a year in climate finance to low- and middle-income countries by 2020. They have failed to keep this promise. Their official reports claim that the climate finance they provided and mobilized reached... 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
Germany’s presidency of the 2022 G7 process offers a unique opportunity for the 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. This... 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
As the long-standing promise by rich countries to ramp up climate finance to assist poorer nations to $100 billion a year from 2020 remains unfulfilled, Oxfam estimates that recent pledges by developed countries will not suffice to reach the goal,... more
Surprise at the last minute: just before the emd of the G7 summit, Germany commits to increase the budget allocations for climate finance from currently around four billion euros to six billion euros annually by 2025 at the latest. A... more
At the 21st Conference of the Parties (COP21) in 2015, in Paris, developed countries committed to support climate efforts in developing countries by providing and mobilising at least $100 billion annually from 2020 onwards. This funding was an integral component... more
When German Chancellor Angela Merkel welcomes ministers from around 40 countries for the 2021 edition of the Petersberg Climate Dialogue later this week, the audience will listen carefully if she makes a commitment to significantly increase urgently needed financial assistance... more
The prospects for German climate finance for 2021 are modest at best. Instead of a significant increase, the German government plans to merely keep past levels. Current restrictions on the budget lines for bilateral development co-operation could even cause a... more
Current analyses highlight several urgent works-in-progress in international climate finance. The industrialized countries are likely to fall short of their USD 100 billion target for climate finance. And while Germany is on track to meet its doubling commitment, it has... more
The study “Falling short: seven ways in which the EU should improve its climate support to developing countries” is based on research by INKA Consult, which provided its findings pro bono. INKA Consult’s survey covered figures on climate finance by... more
