Berlin (dpa) – Germany’s Foreign Minister Annalena Baerbock expects the promises of financial support for poorer states when it comes to climate protection to be kept this year. “The good news is: As things currently stand, it looks like we are on track to finally achieve the sum of 100 billion US dollars this year,” Baerbock said at the Petersberg Climate Dialogue in Berlin.
In Copenhagen in 2009, industrialised countries had pledged that by 2020 100 billion US dollars per year would be mobilised from public and private sources to fund climate protection in developing countries, yet this has not been achieved so far. Germany has already promised to increase its own contribution to international climate funding to at least six billion euros, said Baerbock. She added however that massive private funding was also needed, explaining that was why Germany was campaigning together with the USA for reforms of the International Monetary Fund (IMF) and the World Bank.
Germany’s foreign minister emphasised the existential threats that climate change poses in some countries and declared: “For all of us, this crisis is the greatest security challenge of our time.” At the Climate Dialogue in Berlin, representatives of more than 40 countries are preparing for the UN Climate Change Conference that will be held in Dubai at the end of the year.
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