Particle.news

Download on the App Store

Germany Reports Record €11.8 Billion in International Climate Finance for 2024

Ministers cast the package as proof of reliability ahead of COP talks in Belem.

Overview

  • The total surpasses Germany’s pledge to provide at least €6 billion annually for developing countries.
  • Direct budget funding reached €6.1 billion, with 79% coming from the Development Ministry.
  • An additional €5.7 billion was mobilized through instruments including KfW and DEG loans, with private investment exceeding €1 billion for the first time.
  • Financing targets renewable energy, agricultural adaptation, and forest and peatland protection, including transit and clean power projects in India, South Africa, Indonesia and Mexico.
  • Berlin has submitted the figures to the European Commission for formal international reporting, linking delivery on promises to credibility in upcoming negotiations.