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Austerity budget: How Germany breaks its climate financing promise

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Published: July 17th, 2024,
Last updated: May 28th, 2025

Foreign Minister Annalena Baerbock and Federal Chancellor Olaf Scholz at the Petersberg Climate Dialogue 2024: „You can rely on Germany.“
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With the draft national budget for 2025 approved by the cabinet on Wednesday, Germany fails to meet its self-imposed target for financing global climate action. Instead of the promised six billion euros from public funds from 2025, the current budget only is five billion euros. This is the result of initial analyses of the budget.

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BMZ Climate financing COP29