BONN (dpa-AFX) – Representatives from a few dozen countries are meeting in Bonn this Thursday (9 a.m.) for an international conference on the topic of climate finance. Important donor countries as well as developing and emerging countries are expected to take part – Federal Development Minister Svenja Schulze (SPD) is also expected.
Further funding commitments for the Green Climate Fund are expected at the meeting. The industrialized countries have committed to providing 100 billion US dollars annually from public and private sources for international action against climate change – actually by 2020.
The fund aims to help developing countries adapt to climate change and build a more climate-friendly economy. To this end, it provides grants, loans, guarantees and equity capital and also strives to mobilize private capital. According to the Federal Development Ministry, 228 projects have been financed so far, around half of them in the areas of greenhouse gas reduction and adaptation to climate change.
Chancellor Olaf Scholz (SPD) had already announced in May that Germany wanted to provide two billion euros for the Green Climate Fund.
At the Paris Climate Conference in 2015, the global community committed to limiting global warming to 1.5 degrees compared to the pre-industrial era. This goal is no longer considered tenable: the earth has already heated up by around 1.1 degrees compared to pre-industrial times, and in Germany it is even 1.6 degrees.
2023-10-05 10:29:43
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