Germany to increase climate funding for developing countries

Chancellor Merkel emphasised the importance of responding to global challenges such as climate change

  

FRANKFURT- Germany will seek to increase it climate funding for poorer countries to 6 billion euros ($7.26 billion) a year by 2025 at the latest, up from 4 billion euros paid in 2020, a government spokesman said on Sunday during the Group of Seven meetings.

"Germany will continue to contribute its fair share," he said after Chancellor Merkel emphasised the importance of responding to global challenges such as climate change, the COVID-19 pandemic and infrastructure aid. 

($1 = 0.8260 euros)

(Reporting by Andreas Rinke Writing by Vera Eckert Editing by David Goodman ) ((vera.eckert@thomsonreuters.com; +49 30 2201 33654; @EckertVera;))


More From Economy