Germany planning climate action worth over 100 bn euros

phys.org | 4/2/2019 | Staff
darkkazune (Posted by) Level 3
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German Chancellor Angela Merkel's coalition government plans to commit at least 100 billion euros ($110 billion) on climate protection by 2030, according to a draft policy paper being discussed on Thursday.

Merkel's conservatives and the centre-left Social Democrats were expected to haggle late into the night on the details before the landmark policy package was due to be announced Friday.

EU - Economy - Climate - Targets - Year

The EU's biggest economy is set to miss its climate targets for next year but has committed itself to meeting the 2030 goal of a 55 percent cut in greenhouse gas emissions from 1990 levels.

Export powerhouse Germany accounts for around two percent of the worldwide emissions blamed for heating the Earth's atmosphere, melting ice caps, rising sea levels and intensifying violent weather events.

Summers - Wave - Fridays - Future - Student

After two blistering summers and a wave of Fridays For Future student strikes and other environmental protests, the Merkel government has faced rising pressure to step up its efforts to protect the climate.

The coalition now looks to commit to spending "in the triple digit billions", or at least 100 billion euros, according to the nearly 140-page draft paper titled "Climate Protection Programme 2030" seen by AFP.

Document - Investments

The document states that "the additional investments in climate-friendly...
(Excerpt) Read more at: phys.org
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