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

The government filed the figures to the European Commission to reinforce its position ahead of COP30.

Overview

  • Public funding reached €6.1 billion, surpassing the annual €6 billion commitment from the federal budget.
  • Private investment exceeded €1 billion for the first time, with KfW and DEG also leveraging roughly €4.6 billion in loans to partner countries.
  • The financing supports renewable energy, climate‑resilient agriculture, and protection of forests and peatlands, plus public transport in countries including India, South Africa, Indonesia and Mexico.
  • Ministers presented the delivery as important for Germany's credibility entering November's COP30 in Belém.
  • Officials and NGOs warned that proposed 2025–26 cuts to BMZ, which channels most climate aid, could jeopardize meeting the €6 billion public target next year and urged lawmakers to shore up funding.