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Contributing to the 100 billion dollar pledge

In Copenhagen 2009, developed countries made a collective commitment to jointly mobilise听100 billion dollars听a year by 2020 in climate finance. This goal was extended until 2025 as part of the 2015 Paris Agreement.

骋别谤尘补苍测听will contribute听around 10 percent to the 100 billion dollars. Chancellor Angela Merkel announced in Paris in 2015 that the country would double its climate funding from two to four billion euros. Another six billion will be leveraged from the private and financial sectors. A new government is expected to be formed in Berlin in the beginning of 2018 but Germany鈥檚 pledges should be honoured by the next administration, which will likely be headed by Chancellor Merkel for another term.

An OECD report found in 2015 that public funding had reached a level of 41 billion US dollars on average in 2013 and 2014. The remaining gap would be filled by an increase both in public (another 26 billion US dollars) and leveraged private funding, donor countries calculated in their 鈥溾��, published in 2016.

International climate finance has seen some disarray after President Donald Trump鈥檚 administration announced its decision to pull out of the Paris Agreement and to terminate its contributions to the Green Climate Fund. 鈥淟uckily, President [Barack] Obama had transferred a big sum to the Green Climate Fund before the end of his presidency,鈥� Jochen Flasbarth, state secretary in the German environment听ministry, told the 91tv in November听2017. Flasbarth said that Germany was not going to attempt to fill the funding gap left by the US. 鈥淥ne mustn鈥檛 reward a lack of solidarity,鈥�, he said. Germany was confident that the 100 billion dollar target could be reached even without further contributions by the US.

Bilateral funding

Germany contributes to climate finance in the three main areas of emission reduction (mitigation), forest protection ( and adaptation to climate change. Most money is channelled through bilateral development projects in the form of grants and loans.

From 2013 and 2017,听听between 1.7 and 2.1 billion euros annually听to bilateral projects related to climate action.

The main sources of climate action-related public funding are the Federal Ministry for Economic Cooperation and Development (BMZ) and the Federal Ministry for the Environment. Some money also comes from the energy and climate funds ().

The two bodies mostly responsible for German projects on the ground are the development bank KfW and development organisation听.

Multilateral funds

A smaller part of the government鈥檚 climate finance goes into multilateral climate funds such as the , the , and the , and to multilateral development banks. Between 2013 and 2017 the state paid听371-492 million euros per year听into听.

In Bonn 2017, Germany pledged an additional 50 million euros to the Adaptation Fund and another 50 million euros to the Least Developed Countries Fund.

At COP23 the German government听also听agreed to contribute 125 million US dollars to the InsuResilience Global Partnership, a climate risk insurance initiative of the German presidency of the G7 (2015) and G20 (2017).

Criticism

听the German government for a lack of a coherent climate finance strategy. They argue that, similarly to several other industrialised countries, it is inclined to label entire development projects as climate finance even when mitigation or adaptation only make up a small part of the engagement.

There are also discrepancies in how contributions to international climate funding are听听on official occasions by the German government, and how they are calculated by organisations like Oxfam, who map the German efforts independently 鈥� which is why government figures and听听are not always identical.

Nevertheless, NGOs have praised the development ministry for making more detailed information not only on the amount of funding but also on the individual projects funded听.