Berlin (d.de) – Germany provided around 6.39 billion euros to support climate protection measures and projects in developing countries in 2022. This has now been officially confirmed by the government. “That means that the target of investing six billion euros of public funds in climate finance, which Chancellor Olaf Scholz had pledged to achieve by 2025, has already been met three years ahead of schedule,” states a joint press release issued by the Ministry for Economic Affairs and Climate Action and the Ministry for Economic Cooperation and Development. This sum exceeds the investments in climate action made in 2021 by one billion euros and thus constitutes a new record, the statement continued. Germany is therefore delivering on its fair share of the 100 billion dollars a year pledged by the industrialised countries for addressing climate change in developing countries and emerging economies.
Most of the funding is invested in climate projects agreed on between Germany and its partner countries . This includes Climate and Development Partnerships with Rwanda, India, Peru and Kenya, but also the new plurilateral partnerships for a socially just energy transition (Just Energy Transition Partnerships) with South Africa, Indonesia and Vietnam.
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