The Chancellor of Germany, Olaf Scholz, has announced that his country will contribute an additional 2 billion euros for action against the climate crisis in developing countries.

The amount exceeds by one third the previous payment made by Berlin as part of the commitment of industrialized countries to mobilize a total of 100 billion dollars for this purpose, Scholz has emphasized.

In a final statement at the end of the meeting, the Chancellor urged other donors to continue the “success story” of the fund, which is “more important than ever.”

He also outlined some of the areas that were discussed in the Dialogue, which served as a preparation for the upcoming COP 28 summit in Dubai and which was attended by, among others, the Spanish Minister for Ecological Transition and the Third Vice President of the Government, Teresa Ribera.

Climate action for Germany

Scholz mentioned funding for the transition to climate neutrality and the challenges related to implementation, and reminded that in Dubai, for the first time, a global balance is scheduled to be carried out, which he called a “central piece” of the Paris Agreement.

He also proposed setting joint objectives for increasing renewable energy production capacity, which are the “cheapest and safest,” as the German Foreign Minister, Annalena Baerbock, had already done yesterday.

For his part, the designated president of COP27, the UAE’s special envoy for Climate Change, Sultan Ahmed Al Jaber, described the discussions of recent days as “productive” and emphasized the “crucial” role of 2023 in the fight against the climate emergency.

Along with the designated president of the upcoming COP, the German Foreign Minister also appeared, indicating the need to set ambitious goals to reach the 1.5 degree target and to ensure at the same time that the energy transition is “fair”.

Source: El periódico de la energía