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Germany ups donation for UN climate change fund

November 28, 2018

The pledge comes ahead of a major UN climate conference. Donations to the UN Green Climate Fund are only a fraction of the $100 billion annual goal countries had pledged to reach by 2020.

Windräder an einer Küste
Image: OIST

Germany will increase funding for developing countries to fight and adapt to climate change, the development minister announced on Wednesday ahead of a major UN climate conference in Poland.

Gerd Müller said the German government would pay another €1.5 billion ($850 million) in to the UN Green Climate Fund, having already paid in a previous pledge of the same sum. Müller also encouraged other countries to increase their contributions.

Read moreUS climate report warns of worsening disasters

The fund supports projects on climate protection and adaptation to climate change in developing and emerging countries. World leaders agreed to establish the fund in 2010 at a climate conference in Cancun, Mexico and so far nearly €10 billion has been pledged from public and private sources.

Read more: CO2 levels hit new record high in 2017

The sum falls far short of the $100 billion annually that countries had pledged to contribute by 2020. 

Müller also said more than 70 companies and organizations had so far joined the new Alliance for Development and Climate. Members of this alliance intend to reduce and offset their emissions of greenhouse gases by promoting climate projects in emerging and developing countries. These include projects for reforestation and climate-friendly agriculture.

How does emission trading work?

In all, Germany intends to spend €10 billion annually to fight climate change by 2020, which also includes contributions to the UN Green Climate Fund.

World leaders and their representatives will gather in the Polish city of Katowice from December 2 to 14 to hammer out details of implementing the Paris Agreement.

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cw/msh (epd, KNA, Reuters)


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