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Klingbeil Tightens Grip on €500 Billion Climate‑Infrastructure Fund With New Taskforce

Spending begins under a law now in force, with mandatory cost‑effectiveness reviews to safeguard use.

Overview

  • The Finance Ministry is setting up a cross‑departmental team to centrally vet and monitor allocations from the SVIK.
  • Federal ministries were instructed to submit project proposals with economic assessments by mid‑October and to name a single contact for monitoring issues.
  • Projects financed from the debt‑fund will face success evaluations to verify that the money achieves the intended impact.
  • The SVIK framework has been formally published in the Bundesgesetzblatt, enabling disbursements to start.
  • The controls respond to recurring concerns about potential budgetary repurposing, with an expert advisory board already established to accompany spending.