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The German government is not sending a positive climate signal to the world with its new national budget. The latest budget plan is one billion euros short of international climate financing, as Bernhard Pötter analyzes. Chancellor Scholz’s six billion pledge is in serious jeopardy – a bad omen for the financial negotiations at COP29. Moreover, the German government has not submitted its climate report on time. And, of course, Environmental Action Germany has filed a lawsuit. But there is also a tiny glimmer of hope: The German Federal Environment Agency has recorded a record 18 percent drop in German emissions in emissions trading.