Overview

• The Bundesrechnungshof finds the Klima- und Transformationsfonds will have minimal financial flexibility for 2025 and subsequent years, putting its role as a reliable financing instrument at risk.
• Only 38 of 190 funded measures specify how much greenhouse gas is saved per euro, leaving the fund’s overall emissions impact largely opaque.
• Despite a planned €100 billion special fund through 2034, declining revenues and substantial pre-commitments leave little room for new climate initiatives.
• Existing obligations of around €25 billion plus planned payouts to coal plant operators and for the gas storage levy could consume most of the fund’s 2025 income.
• The audit office urges the government to enhance reporting metrics and reconsider the fund’s structure to ensure sustainable financing under the federal debt brake.