Germany could contribute almost €100 billion a year to climate financing from public funds. This was calculated in a study commissioned by Germanwatch, Klima-Allianz, WWF and Global Citizen. To date, all international climate financing has been in this range, with Germany most recently contributing just over six billion. According to current reports, the EU considers $200 to $300 billion to be an acceptable global financial target (NCQG) for the climate negotiations at COP29.