At the summit of the G7 group, the Chancellor promised to increase this sum to at least six billion euros a year by 2025, explained the Green politician. Half of this goes into climate protection, the other half into adjustments to the climate crisis. “By doing so, we are responding to the legitimate demands of the Global South,” emphasized Brantner.
The COP27 world climate conference in Sharm el-Sheikh, Egypt, opened on Sunday. Scholz wants to take part in it for two days. On Monday afternoon (around 5 p.m.) he will address the conference plenary, followed by multilateral meetings. On Tuesday, the Chancellor will be organizing events on the subject of climate-related damage and losses, as well as on the climate club, which was conceived as part of Germany’s G7 presidency.
The Egyptian Ambassador to Germany, Chaled Galal Abdelhamid, criticized the total annual climate funding of 100 billion dollars promised by the industrialized countries as far too low. The African countries alone need support “in the trillions,” the diplomat told the editorial network Germany. He referred to the consequences of the corona pandemic and the Ukraine war for developing countries.
As early as 2009, the industrialized countries set themselves the goal of mobilizing 100 billion US dollars annually from public and private sources for climate protection and adaptation to climate change in developing countries from 2020 onwards. However, the industrialized countries have still not managed to collect this annual sum.